CIBC Asset Management Inc Purchases 28,870 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

CIBC Asset Management Inc grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 598,293 shares of the bank’s stock after buying an additional 28,870 shares during the quarter. CIBC Asset Management Inc’s holdings in Huntington Bancshares were worth $8,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC lifted its position in shares of Huntington Bancshares by 2.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 41,971 shares of the bank’s stock worth $617,000 after buying an additional 1,136 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Huntington Bancshares by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 79,427 shares of the bank’s stock worth $1,168,000 after buying an additional 885 shares in the last quarter. Curi RMB Capital LLC lifted its position in shares of Huntington Bancshares by 1.8% during the 3rd quarter. Curi RMB Capital LLC now owns 518,503 shares of the bank’s stock worth $7,622,000 after buying an additional 9,375 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Huntington Bancshares by 15.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,487 shares of the bank’s stock worth $198,000 after buying an additional 1,762 shares in the last quarter. Finally, Dillon & Associates Inc. raised its holdings in shares of Huntington Bancshares by 5.9% in the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after purchasing an additional 795 shares during the period. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the topic of a number of research reports. Robert W. Baird cut shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Friday, July 26th. Bank of America lifted their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Morgan Stanley lifted their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Piper Sandler lifted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. Finally, Citigroup lifted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $16.09.

Huntington Bancshares Stock Up 0.9 %

HBAN opened at $17.69 on Friday. The company has a fifty day moving average price of $15.38 and a 200-day moving average price of $14.33. The firm has a market capitalization of $25.70 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 3.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a one year low of $10.73 and a one year high of $17.97.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $0.36 earnings per share. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.50%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insider Buying and Selling

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,699 shares of company stock worth $757,356. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.