Huntington Bancshares Incorporated $HBAN Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 43.2% during the third quarter, Holdings Channel.com reports. The firm owned 104,185 shares of the bank’s stock after purchasing an additional 31,426 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Huntington Bancshares were worth $1,799,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in Huntington Bancshares by 5.0% during the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after purchasing an additional 1,366 shares during the last quarter. Woodline Partners LP lifted its stake in Huntington Bancshares by 40.8% in the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock valued at $1,844,000 after buying an additional 35,574 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Huntington Bancshares by 9.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,055 shares of the bank’s stock worth $202,000 after purchasing an additional 1,004 shares during the period. Nordea Investment Management AB boosted its stake in shares of Huntington Bancshares by 12.4% during the second quarter. Nordea Investment Management AB now owns 122,383 shares of the bank’s stock worth $2,053,000 after buying an additional 13,511 shares during the period. Finally, Chevy Chase Trust Holdings LLC lifted its position in Huntington Bancshares by 0.9% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 769,481 shares of the bank’s stock worth $12,897,000 after acquiring an additional 7,053 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Marcy C. Hingst sold 12,832 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the sale, the executive vice president owned 239,473 shares in the company, valued at approximately $4,310,514. This represents a 5.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brantley J. Standridge sold 5,830 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total value of $111,586.20. Following the transaction, the vice president directly owned 327,676 shares in the company, valued at approximately $6,271,718.64. This represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 114,732 shares of company stock worth $1,923,233 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HBAN has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a report on Monday, January 12th. UBS Group set a $21.00 target price on Huntington Bancshares in a report on Wednesday, February 4th. Jefferies Financial Group raised their price objective on shares of Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Wolfe Research reissued an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Wednesday, January 7th. Finally, Stephens boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.60.

Huntington Bancshares Trading Down 0.4%

NASDAQ:HBAN opened at $17.26 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $19.45. The firm has a market capitalization of $27.18 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96. The business’s 50-day moving average is $17.84 and its two-hundred day moving average is $17.00.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period last year, the firm posted $0.34 earnings per share. Research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s payout ratio is presently 44.60%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.