Gibraltar Capital Management Inc. maintained its stake in Huntington Bancshares Inc. (NASDAQ:HBAN) during the second quarter, Holdings Channel reports. The fund owned 25,448 shares of the company’s stock at the end of the second quarter. Huntington Bancshares comprises about 0.3% of Gibraltar Capital Management Inc.’s holdings, making the stock its 27th largest position. Gibraltar Capital Management Inc.’s holdings in Huntington Bancshares were worth $228,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Robecosam AG acquired a new position in shares of Huntington Bancshares during the first quarter worth about $125,000. Concert Wealth Management Inc. increased its position in shares of Huntington Bancshares by 2.8% in the second quarter. Concert Wealth Management Inc. now owns 14,603 shares of the company’s stock worth $132,000 after buying an additional 394 shares during the last quarter. Fulton Bank N.A. increased its position in shares of Huntington Bancshares by 9.9% in the second quarter. Fulton Bank N.A. now owns 16,819 shares of the company’s stock worth $150,000 after buying an additional 1,513 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of Huntington Bancshares during the second quarter worth about $198,000. Finally, Rehmann Capital Advisory Group increased its position in shares of Huntington Bancshares by 0.4% in the second quarter. Rehmann Capital Advisory Group now owns 22,785 shares of the company’s stock worth $204,000 after buying an additional 92 shares during the last quarter. 75.73% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Bancshares Inc. (NASDAQ:HBAN) traded up 2.398% during trading on Wednesday, reaching $10.035. The company’s stock had a trading volume of 9,920,547 shares. The stock has a 50-day moving average of $9.88 and a 200 day moving average of $9.70. The firm has a market capitalization of $8.02 billion, a P/E ratio of 12.865 and a beta of 1.13. Huntington Bancshares Inc. has a one year low of $7.83 and a one year high of $11.87.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 2.86%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 35.90%.
A number of brokerages have recently issued reports on HBAN. Wedbush began coverage on Huntington Bancshares in a report on Thursday, October 6th. They set an “outperform” rating and a $12.00 price target on the stock. FBR & Co downgraded Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Tuesday, October 11th. Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Deutsche Bank AG raised Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the company from $10.50 to $11.50 in a report on Wednesday, September 28th. Finally, Jefferies Group reissued a “buy” rating on shares of Huntington Bancshares in a report on Thursday, August 4th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.12.
In other news, EVP Nicholas G. Stanutz sold 35,350 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $9.64, for a total value of $340,774.00. Following the completion of the transaction, the executive vice president now owns 434,650 shares of the company’s stock, valued at approximately $4,190,026. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David S. Anderson sold 9,006 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $9.82, for a total value of $88,438.92. Following the completion of the transaction, the executive vice president now directly owns 110,233 shares of the company’s stock, valued at approximately $1,082,488.06. The disclosure for this sale can be found here. 1.65% of the stock is owned by insiders.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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