AlphaMark Advisors LLC Has $26,000 Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

AlphaMark Advisors LLC decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,596 shares of the bank’s stock after selling 2,000 shares during the quarter. AlphaMark Advisors LLC’s holdings in Huntington Bancshares were worth $26,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. raised its position in Huntington Bancshares by 6.3% in the 2nd quarter. Sei Investments Co. now owns 635,013 shares of the bank’s stock valued at $8,369,000 after buying an additional 37,816 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Huntington Bancshares in the second quarter valued at approximately $992,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Huntington Bancshares in the second quarter worth $81,000. AXA S.A. lifted its position in shares of Huntington Bancshares by 113.2% in the second quarter. AXA S.A. now owns 93,089 shares of the bank’s stock worth $1,227,000 after purchasing an additional 49,425 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Huntington Bancshares by 1.6% during the second quarter. AQR Capital Management LLC now owns 1,558,919 shares of the bank’s stock worth $20,165,000 after purchasing an additional 24,487 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $17.20 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market cap of $24.99 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.39 and a beta of 1.07. The stock’s fifty day moving average price is $17.00 and its two-hundred day moving average price is $15.63. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Analysts Set New Price Targets

HBAN has been the topic of several analyst reports. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Evercore ISI upped their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. DA Davidson boosted their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Company 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.