Huntington National Bank Purchases 374,294 Shares of Huntington Bancshares Inc. (HBAN)
Huntington National Bank boosted its position in Huntington Bancshares Inc. (NASDAQ:HBAN) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,880,810 shares of the company’s stock after buying an additional 374,294 shares during the period. Huntington National Bank owned 0.18% of Huntington Bancshares worth $25,754,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC increased its stake in Huntington Bancshares by 116.4% in the first quarter. Rafferty Asset Management LLC now owns 158,696 shares of the company’s stock worth $1,514,000 after buying an additional 85,345 shares during the period. Pegasus Partners Ltd. purchased a new stake in Huntington Bancshares during the first quarter worth $465,000. BB&T Securities LLC increased its stake in Huntington Bancshares by 161.3% in the first quarter. BB&T Securities LLC now owns 386,450 shares of the company’s stock worth $3,687,000 after buying an additional 238,545 shares during the period. Lumbard & Kellner LLC increased its stake in Huntington Bancshares by 3.3% in the first quarter. Lumbard & Kellner LLC now owns 232,825 shares of the company’s stock worth $2,221,000 after buying an additional 7,465 shares during the period. Finally, Aviva PLC increased its stake in Huntington Bancshares by 0.9% in the first quarter. Aviva PLC now owns 408,710 shares of the company’s stock worth $3,899,000 after buying an additional 3,703 shares during the period. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) traded down 1.38% during trading on Tuesday, hitting $10.02. 10,288,147 shares of the stock traded hands. The firm has a 50-day moving average of $9.84 and a 200-day moving average of $9.69. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 12.85 and a beta of 1.13. Huntington Bancshares Inc. has a 1-year low of $7.83 and a 1-year high of $11.87.
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 net margin of 20.85% and a return on equity of 11.07%. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, equities 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. Investors of record on Monday, September 19th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, September 15th. Huntington Bancshares’s payout ratio is 35.90%.
A number of equities research analysts recently weighed in on the company. Wedbush assumed coverage on Huntington Bancshares in a research report on Thursday, October 6th. They set an “outperform” rating and a $12.00 target price on the stock. FBR & Co downgraded Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Tuesday. 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 lifted their price objective for the company from $10.50 to $11.50 in a report on Wednesday, September 28th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Thursday, August 4th. Fifteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently 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 firm’s 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 transaction, the executive vice president now owns 434,650 shares of the company’s stock, valued at $4,190,026. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David S. Anderson sold 9,006 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $9.82, for a total transaction of $88,438.92. Following 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 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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