Sentry Investment Management LLC Purchases 8,276 Shares of Huntington Bancshares Incorporated (HBAN)
Sentry Investment Management LLC raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 54,242 shares of the bank’s stock after purchasing an additional 8,276 shares during the period. Sentry Investment Management LLC’s holdings in Huntington Bancshares were worth $790,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Candriam Luxembourg S.C.A. grew its holdings in shares of Huntington Bancshares by 21.6% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 160,185 shares of the bank’s stock valued at $2,332,000 after acquiring an additional 28,487 shares in the last quarter. RWC Asset Management LLP grew its holdings in shares of Huntington Bancshares by 12.9% in the 4th quarter. RWC Asset Management LLP now owns 3,358,013 shares of the bank’s stock valued at $48,893,000 after acquiring an additional 384,017 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Huntington Bancshares by 1,896.8% in the 4th quarter. Teacher Retirement System of Texas now owns 295,613 shares of the bank’s stock valued at $4,304,000 after acquiring an additional 280,809 shares in the last quarter. ING Groep NV grew its holdings in shares of Huntington Bancshares by 178.3% in the 4th quarter. ING Groep NV now owns 102,042 shares of the bank’s stock valued at $1,486,000 after acquiring an additional 65,377 shares in the last quarter. Finally, Maltese Capital Management LLC grew its holdings in Huntington Bancshares by 31.3% during the fourth quarter. Maltese Capital Management LLC now owns 1,457,837 shares of the bank’s stock worth $21,226,000 after purchasing an additional 347,837 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.
HBAN has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Barclays lifted their price target on Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Nomura lifted their price target on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Vining Sparks reiterated a “buy” rating and set a $19.00 price target on shares of Huntington Bancshares in a report on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Huntington Bancshares presently has an average rating of “Buy” and a consensus target price of $16.75.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Huntington Bancshares had a return on equity of 17.10% and a net margin of 38.92%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. equities research analysts expect that Huntington Bancshares Incorporated will post 1.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio is presently 32.00%.
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About Huntington Bancshares
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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