Davidson & Garrard Inc. cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,069 shares of the bank’s stock after selling 1,670 shares during the period. Davidson & Garrard Inc.’s holdings in Huntington Bancshares were worth $898,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in HBAN. ING Groep NV raised its position in Huntington Bancshares by 56.0% in the fourth quarter. ING Groep NV now owns 61,725 shares of the bank’s stock valued at $807,000 after buying an additional 22,157 shares during the last quarter. Principal Financial Group Inc. raised its position in Huntington Bancshares by 32.4% in the third quarter. Principal Financial Group Inc. now owns 1,647,497 shares of the bank’s stock valued at $16,245,000 after buying an additional 402,852 shares during the last quarter. Budros Ruhlin & Roe Inc. raised its position in Huntington Bancshares by 25.9% in the third quarter. Budros Ruhlin & Roe Inc. now owns 34,053 shares of the bank’s stock valued at $336,000 after buying an additional 6,997 shares during the last quarter. MCF Advisors LLC raised its position in Huntington Bancshares by 57.7% in the third quarter. MCF Advisors LLC now owns 23,698 shares of the bank’s stock valued at $234,000 after buying an additional 8,670 shares during the last quarter. Finally, Windsor Capital Management LLC raised its position in Huntington Bancshares by 18.9% in the third quarter. Windsor Capital Management LLC now owns 57,372 shares of the bank’s stock valued at $565,000 after buying an additional 9,136 shares during the last quarter. 75.55% of the stock is currently owned by institutional investors and hedge funds.
Huntington Bancshares Incorporated (NASDAQ HBAN) traded down 0.53% during mid-day trading on Friday, hitting $13.22. The stock had a trading volume of 8,585,219 shares. Huntington Bancshares Incorporated has a 12-month low of $8.05 and a 12-month high of $14.74. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 19.61 and a beta of 1.34. The company has a 50-day moving average of $12.89 and a 200-day moving average of $13.29.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, April 19th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Huntington Bancshares had a net margin of 17.54% and a return on equity of 11.07%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s quarterly revenue was up 39.8% on a year-over-year basis. On average, analysts anticipate that Huntington Bancshares Incorporated will post $0.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be given a $0.08 dividend. The ex-dividend date is Thursday, June 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.42%. Huntington Bancshares’s dividend payout ratio is currently 49.23%.
Several research firms recently issued reports on HBAN. Piper Jaffray Companies reissued a “neutral” rating and set a $14.00 target price (down previously from $14.50) on shares of Huntington Bancshares in a research note on Saturday, April 22nd. Zacks Investment Research raised Huntington Bancshares from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, April 11th. Jefferies Group LLC raised Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a research report on Monday, April 3rd. FBR & Co reaffirmed a “mkt perform” rating and issued a $14.00 price target (down previously from $15.00) on shares of Huntington Bancshares in a research report on Thursday, April 20th. Finally, DA Davidson began coverage on Huntington Bancshares in a report on Thursday, March 23rd. They issued a “buy” rating and a $16.50 price objective on the stock. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.09.
In other Huntington Bancshares news, EVP Paul G. Heller sold 35,720 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $12.93, for a total value of $461,859.60. Following the sale, the executive vice president now owns 443,883 shares in the company, valued at $5,739,407.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew J. Harmening bought 15,490 shares of the business’s stock in a transaction on Monday, May 15th. The stock was bought at an average price of $12.92 per share, for a total transaction of $200,130.80. Following the transaction, the executive vice president now directly owns 35,543 shares of the company’s stock, valued at $459,215.56. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.
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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