Huntington National Bank raised its stake in shares of Huntington Bancshares Inc. (NASDAQ:HBAN) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,880,810 shares of the company’s stock after buying an additional 374,294 shares during the period. Huntington National Bank’s holdings in Huntington Bancshares were worth $25,754,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HBAN. Rafferty Asset Management LLC increased its position in Huntington Bancshares by 116.4% in the first quarter. Rafferty Asset Management LLC now owns 158,696 shares of the company’s stock valued at $1,514,000 after buying an additional 85,345 shares during the last quarter. Pegasus Partners Ltd. acquired a new position in Huntington Bancshares during the first quarter valued at about $465,000. BB&T Securities LLC increased its position in Huntington Bancshares by 161.3% in the first quarter. BB&T Securities LLC now owns 386,450 shares of the company’s stock valued at $3,687,000 after buying an additional 238,545 shares during the last quarter. Lumbard & Kellner LLC increased its position in Huntington Bancshares by 3.3% in the first quarter. Lumbard & Kellner LLC now owns 232,825 shares of the company’s stock valued at $2,221,000 after buying an additional 7,465 shares during the last quarter. Finally, Aviva PLC increased its position in Huntington Bancshares by 0.9% in the first quarter. Aviva PLC now owns 408,710 shares of the company’s stock valued at $3,899,000 after buying an additional 3,703 shares during the last quarter. 75.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) traded down 1.38% during mid-day trading on Tuesday, reaching $10.02. 10,288,147 shares of the company’s stock traded hands. Huntington Bancshares Inc. has a 12-month low of $7.83 and a 12-month high of $11.87. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 12.85 and a beta of 1.13. The firm’s 50 day moving average price is $9.84 and its 200-day moving average price is $9.69.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Huntington Bancshares had a return on equity of 11.07% and a net margin of 20.85%. During the same quarter in the prior year, the business earned $0.23 earnings per share. Equities research analysts forecast that Huntington Bancshares Inc. will post $0.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders 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 yield of 2.79%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 35.90%.
Several equities analysts have recently issued reports on the stock. Wedbush assumed coverage on shares of Huntington Bancshares in a research note on Thursday, October 6th. They set an “outperform” rating and a $12.00 price target for the company. FBR & Co downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Tuesday. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Deutsche Bank AG raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.50 to $11.50 in a research note on Wednesday, September 28th. Finally, Jefferies Group reissued a “buy” rating on shares of Huntington Bancshares in a research note on Thursday, August 4th. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus price target of $11.12.
In related news, EVP Nicholas G. Stanutz sold 35,350 shares of the stock in a transaction dated Monday, August 22nd. The shares were 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 directly owns 434,650 shares in the company, valued at approximately $4,190,026. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David S. Anderson sold 9,006 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $9.82, for a total transaction of $88,438.92. Following the completion of the transaction, the executive vice president now owns 110,233 shares of the company’s stock, valued at $1,082,488.06. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company 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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