PDS Planning Inc Increases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

PDS Planning Inc lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,524 shares of the bank’s stock after purchasing an additional 5,335 shares during the period. PDS Planning Inc’s holdings in Huntington Bancshares were worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Huntington Bancshares during the third quarter valued at $381,000. Ronald Blue Trust Inc. grew its stake in Huntington Bancshares by 27.9% during the third quarter. Ronald Blue Trust Inc. now owns 7,556 shares of the bank’s stock valued at $81,000 after acquiring an additional 1,646 shares in the last quarter. DnB Asset Management AS grew its stake in Huntington Bancshares by 11.6% during the third quarter. DnB Asset Management AS now owns 312,108 shares of the bank’s stock valued at $3,246,000 after acquiring an additional 32,446 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Huntington Bancshares by 208.2% in the 3rd quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock worth $753,000 after buying an additional 48,913 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Huntington Bancshares by 5.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 252,970 shares of the bank’s stock worth $2,631,000 after buying an additional 14,146 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the sale, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Insiders have sold a total of 102,241 shares of company stock worth $1,360,359 in the last three months. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Evercore ISI lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Royal Bank of Canada lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Barclays upgraded shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $12.00 to $15.00 in a report on Tuesday, January 2nd. Finally, Citigroup boosted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Huntington Bancshares Stock Up 1.1 %

HBAN stock traded up $0.15 during midday trading on Tuesday, reaching $13.68. 5,234,265 shares of the company were exchanged, compared to its average volume of 17,730,936. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $14.07. The stock’s 50-day simple moving average is $13.29 and its 200 day simple moving average is $12.19. The company has a market cap of $19.84 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period last year, the firm posted $0.38 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.155 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.53%. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.