US Bancorp DE Has $2.75 Million Holdings in Huntington Bancshares Incorporated (HBAN)
US Bancorp DE lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,074 shares of the bank’s stock after selling 19,333 shares during the quarter. US Bancorp DE’s holdings in Huntington Bancshares were worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. NuWave Investment Management LLC increased its stake in shares of Huntington Bancshares by 5,991.8% in the third quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock valued at $133,000 after purchasing an additional 8,748 shares during the period. Dupont Capital Management Corp increased its stake in shares of Huntington Bancshares by 79.3% in the second quarter. Dupont Capital Management Corp now owns 9,657 shares of the bank’s stock valued at $143,000 after purchasing an additional 4,270 shares during the period. GAM Holding AG acquired a new stake in shares of Huntington Bancshares in the second quarter valued at approximately $154,000. Atria Investments LLC acquired a new stake in shares of Huntington Bancshares in the second quarter valued at approximately $177,000. Finally, Global Retirement Partners LLC increased its stake in shares of Huntington Bancshares by 219.6% in the third quarter. Global Retirement Partners LLC now owns 13,014 shares of the bank’s stock valued at $194,000 after purchasing an additional 8,942 shares during the period. Institutional investors own 77.16% of the company’s stock.
Several equities research analysts have commented on HBAN shares. Zacks Investment Research upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, September 25th. ValuEngine lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Jefferies Financial Group raised their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Morgan Stanley restated a “hold” rating and issued a $17.50 price target (down previously from $17.75) on shares of Huntington Bancshares in a research note on Tuesday, September 18th. Finally, Vining Sparks restated a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a research note on Tuesday, October 9th. Thirteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.03.
NASDAQ HBAN opened at $14.78 on Friday. Huntington Bancshares Incorporated has a 12 month low of $13.13 and a 12 month high of $16.60. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a market cap of $15.53 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.82 and a beta of 1.26.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 18th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.79%. Huntington Bancshares’s dividend payout ratio is presently 57.14%.
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About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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