Two Sigma Securities LLC Has $248,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Two Sigma Securities LLC trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 74.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,269 shares of the bank's stock after selling 43,753 shares during the period. Two Sigma Securities LLC's holdings in Huntington Bancshares were worth $248,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Carlson Capital Management grew its position in shares of Huntington Bancshares by 0.4% during the 4th quarter. Carlson Capital Management now owns 163,575 shares of the bank's stock worth $2,661,000 after buying an additional 692 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Huntington Bancshares by 6.0% in the 4th quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank's stock valued at $200,000 after acquiring an additional 699 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after purchasing an additional 702 shares during the last quarter. CreativeOne Wealth LLC raised its position in Huntington Bancshares by 4.0% during the fourth quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock worth $326,000 after acquiring an additional 762 shares in the last quarter. Finally, Lantz Financial LLC increased its stake in shares of Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock worth $224,000 after purchasing an additional 790 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Buying and Selling

In related news, insider Kendall A. Kowalski sold 25,419 shares of Huntington Bancshares stock in a transaction that occurred 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 transaction, the insider now directly owns 70,281 shares of the company's stock, valued at $961,444.08. The trade was a 26.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares of the company's stock, valued at $6,647,402.43. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 312,456 shares of company stock valued at $4,464,105 in the last three months. Insiders own 0.89% of the company's stock.

Huntington Bancshares Price Performance

HBAN stock traded up $0.10 during midday trading on Monday, reaching $15.18. 4,410,546 shares of the stock were exchanged, compared to its average volume of 22,126,725. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.44. The company has a fifty day moving average price of $14.45 and a 200 day moving average price of $15.97. 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 stock has a market capitalization of $22.17 billion, a PE ratio of 12.34, a P/E/G ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share for the quarter, topping 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%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the previous year, the business posted $0.27 earnings per share. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares declared that its Board of Directors has initiated a share repurchase plan on Thursday, April 17th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the bank to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.09%. Huntington Bancshares's payout ratio is 47.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James reiterated a "strong-buy" rating and set a $18.00 price target (down previously from $20.00) on shares of Huntington Bancshares in a report on Monday, April 21st. Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Piper Sandler decreased their target price on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective for the company in a research note on Friday, March 7th. Finally, Citigroup reduced their target price on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.45.

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.