Donoghue Forlines LLC Has $1.54 Million Stake in Huntington Bancshares Incorporated $HBAN

Donoghue Forlines LLC reduced its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,576 shares of the bank’s stock after selling 8,417 shares during the quarter. Donoghue Forlines LLC’s holdings in Huntington Bancshares were worth $1,535,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HBAN. Vanguard Personalized Indexing Management LLC grew its stake in shares of Huntington Bancshares by 26.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after acquiring an additional 35,014 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after purchasing an additional 28,739 shares during the period. Shell Asset Management Co. grew its position in Huntington Bancshares by 58.7% in the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock worth $3,362,000 after purchasing an additional 74,220 shares during the last quarter. Czech National Bank increased its holdings in shares of Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after purchasing an additional 22,190 shares during the period. Finally, Trinity Financial Advisors LLC increased its holdings in shares of Huntington Bancshares by 1,497.1% during the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock worth $4,853,000 after purchasing an additional 268,933 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $15.71 on Friday. The business has a 50 day simple moving average of $16.50 and a 200 day simple moving average of $16.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market capitalization of $22.93 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is 43.36%.

Insider Activity

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Inglis acquired 6,506 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the purchase, the director directly owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. The trade was a 7.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James Financial reissued a “strong-buy” rating and set a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Zacks Research upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Evercore ISI initiated coverage on Huntington Bancshares in a research report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Morgan Stanley upped their target price on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.66.

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.