Robeco Institutional Asset Management B.V. Boosts Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Robeco Institutional Asset Management B.V. lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 25.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,515 shares of the bank's stock after purchasing an additional 48,531 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Huntington Bancshares were worth $3,625,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Carlson Capital Management grew its holdings in Huntington Bancshares by 0.4% in the fourth quarter. Carlson Capital Management now owns 163,575 shares of the bank's stock valued at $2,661,000 after purchasing an additional 692 shares during the period. Farther Finance Advisors LLC grew its holdings in Huntington Bancshares by 6.0% during the 4th quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank's stock worth $200,000 after acquiring an additional 699 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Huntington Bancshares by 4.0% in the 4th quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock valued at $326,000 after acquiring an additional 762 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Huntington Bancshares by 7.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank's stock worth $195,000 after buying an additional 856 shares during the last quarter. Finally, Keudell Morrison Wealth Management grew its holdings in shares of Huntington Bancshares by 5.2% during the first quarter. Keudell Morrison Wealth Management now owns 17,509 shares of the bank's stock valued at $263,000 after purchasing an additional 858 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Performance

HBAN traded up $0.42 during midday trading on Tuesday, reaching $17.18. The company had a trading volume of 48,628,626 shares, compared to its average volume of 23,387,178. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The company has a market cap of $25.10 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.27 and a beta of 0.92. The business has a 50-day moving average of $15.57 and a two-hundred day moving average of $15.64.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.44% and a net margin of 16.94%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period last year, the firm earned $0.27 earnings per share. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares declared that its Board of Directors has authorized a stock buyback program on Thursday, April 17th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the bank to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be given a $0.155 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.61%. Huntington Bancshares's dividend payout ratio is presently 47.33%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 25,419 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $13.68, for a total value of $347,731.92. Following the sale, the insider owned 70,281 shares in the company, valued at $961,444.08. This trade represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 59,060 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $14.36, for a total transaction of $848,101.60. Following the completion of the sale, the chief financial officer directly owned 277,348 shares of the company's stock, valued at $3,982,717.28. The trade was a 17.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,375 shares of company stock valued at $3,049,277 over the last three months. Corporate insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HBAN shares. Cowen initiated coverage on shares of Huntington Bancshares in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Citigroup lowered their price target on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Jefferies Financial Group assumed coverage on Huntington Bancshares in a report on Wednesday, May 21st. They set a "buy" rating and a $20.00 price objective on the stock. Morgan Stanley lowered their price target on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Argus set a $17.00 price target on shares of Huntington Bancshares in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Huntington Bancshares currently has an average rating of "Moderate Buy" and an average price target of $18.08.

About Huntington Bancshares

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.