State of Tennessee Treasury Department reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,578 shares of the bank’s stock after selling 40,761 shares during the period. State of Tennessee Treasury Department’s holdings in Huntington Bancshares were worth $4,140,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBAN. State of Wisconsin Investment Board lifted its position in Huntington Bancshares by 1.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 3,382,650 shares of the bank’s stock worth $47,222,000 after acquiring an additional 60,391 shares in the last quarter. Polaris Greystone Financial Group LLC acquired a new position in Huntington Bancshares during the 3rd quarter worth approximately $193,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Huntington Bancshares by 6.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 165,928 shares of the bank’s stock worth $2,316,000 after acquiring an additional 9,810 shares in the last quarter. Andra AP fonden lifted its position in Huntington Bancshares by 10.0% during the 3rd quarter. Andra AP fonden now owns 243,900 shares of the bank’s stock worth $3,405,000 after acquiring an additional 22,100 shares in the last quarter. Finally, Deltec Asset Management LLC acquired a new position in Huntington Bancshares during the 3rd quarter worth approximately $282,000. 73.84% of the stock is currently owned by institutional investors and hedge funds.
HBAN has been the topic of several recent research reports. Piper Jaffray Companies reissued a “buy” rating and set a $15.50 price target on shares of Huntington Bancshares in a research report on Tuesday, October 17th. Hilliard Lyons raised Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $15.00 in a research report on Monday, July 24th. Royal Bank Of Canada reissued a “buy” rating and set a $16.00 price target on shares of Huntington Bancshares in a research report on Thursday, July 27th. Nomura boosted their price target on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods set a $14.00 price target on Huntington Bancshares and gave the stock a “hold” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.22.
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Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $13.51 on Thursday. Huntington Bancshares Incorporated has a 52-week low of $11.77 and a 52-week high of $14.74. The stock has a market capitalization of $14,711.68, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.55 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $0.11 earnings per share. equities research analysts anticipate that Huntington Bancshares Incorporated will post 0.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, December 15th. Huntington Bancshares’s payout ratio is 39.51%.
Huntington Bancshares Profile
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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