Clarius Group LLC Takes $183,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Posted by Defense World Staff on Jun 30th, 2023

Clarius Group LLC bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,351 shares of the bank’s stock, valued at approximately $183,000.

Several other large investors have also recently modified their holdings of the stock. Trilogy Capital Inc. increased its position in shares of Huntington Bancshares by 26.2% during the 1st quarter. Trilogy Capital Inc. now owns 167,778 shares of the bank’s stock valued at $1,879,000 after purchasing an additional 34,832 shares during the last quarter. Heartland Bank & Trust Co increased its position in shares of Huntington Bancshares by 6.3% during the 1st quarter. Heartland Bank & Trust Co now owns 36,701 shares of the bank’s stock valued at $411,000 after purchasing an additional 2,183 shares during the last quarter. Connable Office Inc. bought a new position in shares of Huntington Bancshares during the 1st quarter valued at approximately $141,000. Czech National Bank increased its position in shares of Huntington Bancshares by 0.7% during the 1st quarter. Czech National Bank now owns 170,001 shares of the bank’s stock valued at $1,904,000 after purchasing an additional 1,127 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC increased its position in shares of Huntington Bancshares by 7.1% during the 1st quarter. B.O.S.S. Retirement Advisors LLC now owns 172,683 shares of the bank’s stock valued at $1,934,000 after purchasing an additional 11,487 shares during the last quarter. Institutional investors own 78.75% of the company’s stock.

Huntington Bancshares Trading Up 2.3 %

Shares of NASDAQ HBAN opened at $10.79 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $15.58 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 5.55 and a beta of 1.07. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $15.74. The business has a fifty day moving average price of $10.50 and a 200 day moving average price of $12.51.

Huntington Bancshares (NASDAQ:HBAN – Free Report) last issued its quarterly earnings data on Thursday, April 20th. The bank reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Huntington Bancshares had a return on equity of 15.33% and a net margin of 27.06%. During the same period in the prior year, the business posted $0.32 EPS. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.42 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Thursday, June 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada cut their price objective on Huntington Bancshares from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Morgan Stanley cut their price objective on Huntington Bancshares from $18.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 5th. UBS Group downgraded Huntington Bancshares from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. StockNews.com initiated coverage on Huntington Bancshares in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, Keefe, Bruyette & Woods raised Huntington Bancshares from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $13.50 to $13.00 in a research report on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.77.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 98,608 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total value of $1,010,732.00. Following the completion of the sale, the chief financial officer now directly owns 188,767 shares in the company, valued at $1,934,861.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 98,608 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total value of $1,010,732.00. Following the completion of the sale, the chief financial officer now directly owns 188,767 shares in the company, valued at $1,934,861.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kenneth J. Phelan acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was purchased 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 disclosure for this purchase can be found here. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Profile

(Free Report)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).