Huntington Bancshares Incorporated (HBAN) Holdings Held by Trustmark National Bank Trust Department
Trustmark National Bank Trust Department continued to hold its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,490 shares of the bank’s stock at the close of the 2nd quarter. Trustmark National Bank Trust Department’s holdings in Huntington Bancshares were worth $155,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. UBS Asset Management Americas Inc. grew its position in Huntington Bancshares by 7.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,964,755 shares of the bank’s stock worth $40,083,000 after purchasing an additional 212,376 shares in the last quarter. Quantitative Investment Management LLC grew its position in Huntington Bancshares by 827.1% in the 2nd quarter. Quantitative Investment Management LLC now owns 715,700 shares of the bank’s stock worth $9,676,000 after purchasing an additional 638,500 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Huntington Bancshares by 1.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,281,254 shares of the bank’s stock worth $44,364,000 after purchasing an additional 45,069 shares in the last quarter. Investment Centers of America Inc. grew its position in Huntington Bancshares by 0.9% in the 2nd quarter. Investment Centers of America Inc. now owns 77,865 shares of the bank’s stock worth $1,053,000 after purchasing an additional 676 shares in the last quarter. Finally, Nicholas Company Inc. grew its position in Huntington Bancshares by 3.5% in the 2nd quarter. Nicholas Company Inc. now owns 609,160 shares of the bank’s stock worth $8,235,000 after purchasing an additional 20,435 shares in the last quarter. 74.14% of the stock is owned by institutional investors and hedge funds.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded up 0.037% during mid-day trading on Thursday, hitting $13.365. 932,518 shares of the company were exchanged. The company has a 50 day moving average of $12.83 and a 200 day moving average of $13.10. The company has a market capitalization of $14.57 billion, a P/E ratio of 18.511 and a beta of 1.37. Huntington Bancshares Incorporated has a 52 week low of $9.52 and a 52 week high of $14.74.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%. During the same period in the previous year, the business posted $0.19 earnings per share. Equities analysts anticipate that Huntington Bancshares Incorporated will post $0.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.32 annualized dividend and a yield of 2.40%. Huntington Bancshares’s dividend payout ratio (DPR) is 46.38%.
Huntington Bancshares announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that allows the company to buyback $308.00 million in shares. This buyback authorization allows the bank to purchase up to 2.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
In related news, EVP Nicholas G. Stanutz sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total transaction of $203,360.00. Following the completion of the sale, the executive vice president now directly owns 447,722 shares in the company, valued at $5,690,546.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard W. Neu bought 2,450 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average price of $13.10 per share, with a total value of $32,095.00. Following the completion of the transaction, the director now directly owns 184,596 shares of the company’s stock, valued at approximately $2,418,207.60. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.
A number of brokerages have issued reports on HBAN. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Huntington Bancshares and gave the stock a “hold” rating in a research report on Friday, August 11th. BidaskClub downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies raised shares of Huntington Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $15.00 in a research report on Friday, August 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research report on Friday, June 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Huntington Bancshares presently has an average rating of “Buy” and a consensus target price of $15.01.
Huntington Bancshares Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company 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, and other financial products and services.
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