Thrivent Financial for Lutherans Sells 1,547 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Thrivent Financial for Lutherans decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,272 shares of the bank’s stock after selling 1,547 shares during the period. Thrivent Financial for Lutherans’ holdings in Huntington Bancshares were worth $1,062,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Huntington Bancshares by 11.8% in the first quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock worth $2,765,000 after purchasing an additional 19,959 shares during the period. D.A. Davidson & CO. bought a new position in shares of Huntington Bancshares in the first quarter worth $315,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Huntington Bancshares by 309.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after purchasing an additional 7,558 shares during the period. Panagora Asset Management Inc. increased its position in shares of Huntington Bancshares by 40.9% in the first quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after purchasing an additional 30,296 shares during the period. Finally, Aviva PLC increased its position in shares of Huntington Bancshares by 58.2% in the first quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after purchasing an additional 293,944 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insider Activity at Huntington Bancshares

In related news, Director Kenneth J. Phelan bought 20,000 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, April 26th. The shares were acquired at an average cost of $10.80 per share, for a total transaction of $216,000.00. Following the completion of the acquisition, the director now directly owns 89,285 shares of the company’s stock, valued at approximately $964,278. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huntington Bancshares news, Director Kenneth J. Phelan purchased 20,000 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were purchased at an average cost of $10.80 per share, with a total value of $216,000.00. Following the completion of the purchase, the director now owns 89,285 shares in the company, valued at $964,278. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 98,608 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $10.25, for a total value of $1,010,732.00. Following the completion of the transaction, the chief financial officer now directly owns 188,767 shares in the company, valued at $1,934,861.75. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $10.53 on Tuesday. The stock’s 50-day moving average is $10.75 and its 200-day moving average is $13.33. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $15.74. The stock has a market cap of $15.20 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 5.38 and a beta of 1.06. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80.

Huntington Bancshares (NASDAQ:HBAN – Get Rating) last announced its earnings results on Thursday, April 20th. The bank reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Huntington Bancshares had a return on equity of 15.33% and a net margin of 27.06%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the business posted $0.32 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.44 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 19th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 5.89%. The ex-dividend date is Thursday, June 15th. Huntington Bancshares’s payout ratio is presently 40.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wedbush restated a “neutral” rating and issued a $12.00 price target on shares of Huntington Bancshares in a research report on Friday, April 21st. Piper Sandler raised their price objective on Huntington Bancshares from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, April 21st. Royal Bank of Canada reduced their price objective on Huntington Bancshares from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. UBS Group lowered Huntington Bancshares from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Finally, Raymond James reduced their price objective on Huntington Bancshares from $18.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.83.

About Huntington Bancshares

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Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services.