MassMutual Private Wealth & Trust FSB Has $2.07 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

MassMutual Private Wealth & Trust FSB lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.1% during the fourth quarter, HoldingsChannel reports. The fund owned 127,061 shares of the bank’s stock after selling 5,394 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Huntington Bancshares were worth $2,067,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HBAN. State Street Corp boosted its holdings in Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock worth $1,179,319,000 after acquiring an additional 7,439,909 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Huntington Bancshares by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank’s stock worth $921,778,000 after purchasing an additional 1,522,767 shares in the last quarter. Geode Capital Management LLC increased its stake in Huntington Bancshares by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank’s stock valued at $540,422,000 after buying an additional 473,893 shares during the last quarter. FMR LLC lifted its position in shares of Huntington Bancshares by 16.8% during the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock worth $348,672,000 after buying an additional 3,410,597 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Huntington Bancshares by 13.2% in the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock valued at $298,682,000 after acquiring an additional 2,363,988 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Activity

In related news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock worth $757,356 over the last 90 days. 0.92% of the stock is currently owned by insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $17.01 on Tuesday. Huntington Bancshares Incorporated has a 52 week low of $12.02 and a 52 week high of $18.44. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The stock has a fifty day moving average of $17.05 and a 200 day moving average of $15.51. The firm has a market capitalization of $24.71 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.51 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the firm posted $0.27 EPS. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.64%. Huntington Bancshares’s payout ratio is 59.62%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBAN. Truist Financial started coverage on Huntington Bancshares in a research note on Tuesday, January 7th. They issued a “buy” rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods lifted their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Evercore ISI boosted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, DA Davidson upped their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.76.

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.