Randolph Co Inc Grows Stock Holdings in Huntington Bancshares Incorporated $HBAN

Randolph Co Inc grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,859,636 shares of the bank’s stock after acquiring an additional 39,405 shares during the period. Huntington Bancshares comprises 3.1% of Randolph Co Inc’s holdings, making the stock its 16th biggest position. Randolph Co Inc owned about 0.12% of Huntington Bancshares worth $32,265,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. J.W. Cole Advisors Inc. boosted its holdings in shares of Huntington Bancshares by 5.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 98,031 shares of the bank’s stock valued at $1,701,000 after acquiring an additional 5,175 shares during the last quarter. Prudential PLC boosted its holdings in shares of Huntington Bancshares by 14.2% in the 4th quarter. Prudential PLC now owns 131,383 shares of the bank’s stock valued at $2,279,000 after acquiring an additional 16,321 shares during the last quarter. Vise Technologies Inc. boosted its holdings in shares of Huntington Bancshares by 47.9% in the 4th quarter. Vise Technologies Inc. now owns 25,452 shares of the bank’s stock valued at $442,000 after acquiring an additional 8,248 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Huntington Bancshares by 11.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 254,847 shares of the bank’s stock worth $4,422,000 after buying an additional 26,530 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Huntington Bancshares by 38.0% during the fourth quarter. State of Wyoming now owns 11,174 shares of the bank’s stock worth $194,000 after buying an additional 3,077 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $16.53 on Friday. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The stock has a market cap of $33.51 billion, a P/E ratio of 12.72, a PEG ratio of 0.72 and a beta of 0.94. The company has a 50-day moving average price of $16.12 and a 200 day moving average price of $16.78. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the business earned $0.34 earnings per share. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 47.69%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HBAN shares. Royal Bank Of Canada lowered their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Evercore lowered their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, DA Davidson reduced their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.05.

Insider Buying and Selling

In related news, Director James D. Rollins III bought 4,798 shares of the stock in a transaction on Thursday, June 4th. The stock was bought at an average price of $20.30 per share, with a total value of $97,399.40. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at $203,000. This represents a 92.23% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Prashant Nateri sold 10,171 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the transaction, the insider directly owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders bought 34,627 shares of company stock worth $646,157. Insiders own 0.67% of the company’s stock.

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.