Calamos Advisors LLC Acquires 306,865 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Calamos Advisors LLC boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 18.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,992,286 shares of the bank's stock after purchasing an additional 306,865 shares during the quarter. Calamos Advisors LLC's holdings in Huntington Bancshares were worth $28,091,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CI Investments Inc. lifted its holdings in shares of Huntington Bancshares by 994.3% in the third quarter. CI Investments Inc. now owns 1,904 shares of the bank's stock worth $25,000 after buying an additional 1,730 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Huntington Bancshares by 91.9% during the 3rd quarter. Allworth Financial LP now owns 1,998 shares of the bank's stock valued at $26,000 after purchasing an additional 957 shares during the last quarter. Retirement Financial Solutions LLC bought a new position in shares of Huntington Bancshares during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of Huntington Bancshares by 149.8% during the third quarter. EverSource Wealth Advisors LLC now owns 2,573 shares of the bank's stock valued at $34,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Huntington Bancshares in the second quarter worth about $36,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Bancshares

In related news, Director David L. Porteous sold 80,000 shares of the company's stock in a transaction on Friday, January 27th. The stock was sold at an average price of $15.01, for a total transaction of $1,200,800.00. Following the completion of the sale, the director now directly owns 62,845 shares in the company, valued at approximately $943,303.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.89% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HBAN shares. JPMorgan Chase & Co. lowered Huntington Bancshares from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $15.50 to $14.50 in a research note on Tuesday, December 13th. Royal Bank of Canada decreased their price target on shares of Huntington Bancshares from $18.00 to $16.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 14th. Piper Sandler dropped their price objective on shares of Huntington Bancshares from $15.00 to $14.50 in a research note on Friday, March 10th. StockNews.com initiated coverage on shares of Huntington Bancshares in a report on Thursday, March 16th. They issued a "hold" rating for the company. Finally, The Goldman Sachs Group decreased their price objective on Huntington Bancshares from $16.50 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, March 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of "Hold" and an average target price of $15.17.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $10.98 on Wednesday. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 5.67 and a beta of 1.07. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. Huntington Bancshares Incorporated has a twelve month low of $9.94 and a twelve month high of $15.74. The stock has a fifty day simple moving average of $13.68 and a two-hundred day simple moving average of $14.11.

Huntington Bancshares (NASDAQ:HBAN – Get Rating) last issued its earnings results on Friday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. Huntington Bancshares had a net margin of 28.15% and a return on equity of 14.79%. The company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.95 billion. On average, analysts predict that Huntington Bancshares Incorporated will post 1.51 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 20th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Friday, March 17th. This represents a $0.62 dividend on an annualized basis and a yield of 5.65%. Huntington Bancshares's dividend payout ratio is currently 42.76%.

Huntington Bancshares Profile

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Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services.

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