Rehmann Capital Advisory Group raised its position in shares of Huntington Bancshares Inc. (NASDAQ:HBAN) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,785 shares of the company’s stock after buying an additional 92 shares during the period. Rehmann Capital Advisory Group’s holdings in Huntington Bancshares were worth $204,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Robecosam AG acquired a new position in Huntington Bancshares during the first quarter worth $125,000. Fulton Bank N.A. increased its position in 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 in the last quarter. Nisa Investment Advisors LLC increased its position in Huntington Bancshares by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 30,908 shares of the company’s stock worth $276,000 after buying an additional 350 shares in the last quarter. IFP Advisors Inc increased its position in Huntington Bancshares by 51.2% in the first quarter. IFP Advisors Inc now owns 30,752 shares of the company’s stock worth $293,000 after buying an additional 10,418 shares in the last quarter. Finally, DNB Asset Management AS increased its position in Huntington Bancshares by 4.1% in the second quarter. DNB Asset Management AS now owns 40,930 shares of the company’s stock worth $366,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.
Huntington Bancshares Inc. (NASDAQ:HBAN) traded up 0.20% during trading on Friday, hitting $9.90. 9,261,504 shares of the company’s stock traded hands. The company has a market cap of $7.91 billion, a PE ratio of 12.69 and a beta of 1.07. The company’s 50 day moving average price is $9.75 and its 200 day moving average price is $9.66. Huntington Bancshares Inc. has a 52-week low of $7.83 and a 52-week high of $11.87.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. Huntington Bancshares had a net margin of 20.85% and a return on equity of 11.07%. During the same quarter last year, the company posted $0.23 earnings per share. Analysts expect that Huntington Bancshares Inc. will post $0.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, September 15th. Huntington Bancshares’s payout ratio is currently 35.90%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Group reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $9.50 target price on shares of Huntington Bancshares in a research note on Friday, July 22nd. Robert W. Baird reiterated a “neutral” rating and issued a $9.23 target price (down from $10.00) on shares of Huntington Bancshares in a research note on Friday, July 22nd. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Huntington Bancshares in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Huntington Bancshares has an average rating of “Hold” and a consensus target price of $11.03.
In related news, EVP David S. Anderson sold 9,006 shares of Huntington Bancshares stock in a transaction on 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 sale, the executive vice president now owns 110,233 shares of the company’s stock, valued at approximately $1,082,488.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Nicholas G. Stanutz sold 35,350 shares of Huntington Bancshares stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $9.64, for a total transaction of $340,774.00. Following the completion of the sale, the executive vice president now directly owns 434,650 shares of the company’s stock, valued at approximately $4,190,026. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by corporate 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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