Aigen Investment Management LP Buys 154,756 Shares of Huntington Bancshares Incorporated $HBAN

Aigen Investment Management LP increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 181.8% during the 4th quarter, Holdings Channel reports. The firm owned 239,866 shares of the bank’s stock after purchasing an additional 154,756 shares during the quarter. Huntington Bancshares comprises approximately 1.0% of Aigen Investment Management LP’s portfolio, making the stock its 11th biggest holding. Aigen Investment Management LP’s holdings in Huntington Bancshares were worth $4,162,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares in the third quarter worth approximately $26,000. South Plains Financial Inc. grew its position in Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after acquiring an additional 826 shares during the last quarter. Accredited Wealth Management LLC grew its position in Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,322 shares during the last quarter. AlphaCore Capital LLC bought a new position in Huntington Bancshares during the third quarter valued at approximately $33,000. Finally, Quest 10 Wealth Builders Inc. grew its position in Huntington Bancshares by 403.1% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 2,611 shares of the bank’s stock valued at $45,000 after acquiring an additional 2,092 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In related news, Director James D. Rollins III acquired 4,798 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $20.30 per share, with a total value of $97,399.40. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at $203,000. This trade represents a 92.23% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 33,500 shares of company stock worth $617,542 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HBAN. Morgan Stanley reduced their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Evercore reiterated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research report on Friday. Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group increased their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.10.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.52 on Friday. The firm has a market cap of $35.52 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The business has a 50 day moving average price of $16.29 and a 200-day moving average price of $16.83.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is 47.69%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.