Tiaa Fsb Raises Holdings in Huntington Bancshares Incorporated (HBAN)
Tiaa Fsb grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.3% in the first quarter, HoldingsChannel.com reports. The firm owned 31,628 shares of the bank’s stock after buying an additional 1,295 shares during the period. Tiaa Fsb’s holdings in Huntington Bancshares were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of HBAN. HC Financial Advisors Inc. boosted its position in Huntington Bancshares by 11.3% during the third quarter. HC Financial Advisors Inc. now owns 147,049 shares of the bank’s stock worth $2,194,000 after purchasing an additional 14,965 shares during the period. Bank of New York Mellon Corp boosted its position in Huntington Bancshares by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 8,671,432 shares of the bank’s stock worth $129,377,000 after purchasing an additional 98,561 shares during the period. Allianz Asset Management GmbH boosted its position in Huntington Bancshares by 304.2% during the third quarter. Allianz Asset Management GmbH now owns 134,758 shares of the bank’s stock worth $2,011,000 after purchasing an additional 101,420 shares during the period. Pacer Advisors Inc. boosted its position in shares of Huntington Bancshares by 14.2% in the third quarter. Pacer Advisors Inc. now owns 57,487 shares of the bank’s stock valued at $858,000 after acquiring an additional 7,134 shares during the period. Finally, Vident Investment Advisory LLC boosted its position in shares of Huntington Bancshares by 85.5% in the third quarter. Vident Investment Advisory LLC now owns 29,885 shares of the bank’s stock valued at $446,000 after acquiring an additional 13,771 shares during the period. Hedge funds and other institutional investors own 79.02% of the company’s stock.
In other Huntington Bancshares news, EVP Mark E. Thompson sold 18,510 shares of Huntington Bancshares stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $13.49, for a total transaction of $249,699.90. Following the completion of the sale, the executive vice president now directly owns 667,175 shares in the company, valued at $9,000,190.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Neumeyer sold 60,000 shares of Huntington Bancshares stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $13.71, for a total transaction of $822,600.00. Following the sale, the executive vice president now owns 356,615 shares of the company’s stock, valued at $4,889,191.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,577 shares of company stock valued at $1,116,158. 1.22% of the stock is currently owned by company insiders.
Shares of Huntington Bancshares stock opened at $13.61 on Friday. Huntington Bancshares Incorporated has a 1 year low of $11.12 and a 1 year high of $16.52. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.33 earnings per share for the current fiscal year.
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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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