Westpac Banking Corp Has $138,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Westpac Banking Corp grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 91.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,478 shares of the bank’s stock after purchasing an additional 4,045 shares during the period. Westpac Banking Corp’s holdings in Huntington Bancshares were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HBAN. Arvest Bank Trust Division bought a new position in Huntington Bancshares during the third quarter worth about $2,381,000. National Bank of Canada FI lifted its holdings in shares of Huntington Bancshares by 220.9% during the 4th quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank’s stock valued at $59,661,000 after purchasing an additional 2,524,077 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Huntington Bancshares by 17.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank’s stock valued at $13,832,000 after purchasing an additional 129,106 shares during the period. Mediolanum International Funds Ltd bought a new stake in Huntington Bancshares during the 4th quarter worth approximately $422,000. Finally, Donoghue Forlines LLC acquired a new stake in Huntington Bancshares during the 4th quarter worth approximately $1,460,000. 80.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Brendan A. Lawlor sold 3,521 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the transaction, the vice president now owns 47,950 shares of the company’s stock, valued at approximately $731,237.50. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the sale, the chief financial officer now directly owns 335,538 shares of the company’s stock, valued at approximately $4,825,036.44. The trade was a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock valued at $1,631,151 in the last three months. 0.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HBAN shares. Truist Financial increased their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. Stephens restated an “equal weight” rating and issued a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. Finally, Citigroup decreased their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.94.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $12.60 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.45. The stock’s 50 day moving average price is $15.79 and its two-hundred day moving average price is $16.13. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.92%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

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.