OLD National Bancorp IN Buys Shares of 32,259 Huntington Bancshares Incorporated (NASDAQ:HBAN)

OLD National Bancorp IN bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,259 shares of the bank’s stock, valued at approximately $410,000.

Several other large investors have also modified their holdings of HBAN. SG Americas Securities LLC boosted its position in shares of Huntington Bancshares by 208.2% during the third quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock valued at $753,000 after buying an additional 48,913 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Huntington Bancshares by 5.9% during the third quarter. DAVENPORT & Co LLC now owns 252,970 shares of the bank’s stock valued at $2,631,000 after acquiring an additional 14,146 shares in the last quarter. Caprock Group LLC raised its stake in shares of Huntington Bancshares by 51.0% during the third quarter. Caprock Group LLC now owns 25,311 shares of the bank’s stock valued at $268,000 after acquiring an additional 8,550 shares in the last quarter. Trinity Financial Advisors LLC raised its stake in shares of Huntington Bancshares by 47.9% during the third quarter. Trinity Financial Advisors LLC now owns 55,655 shares of the bank’s stock valued at $579,000 after acquiring an additional 18,025 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of Huntington Bancshares by 48.1% during the third quarter. Czech National Bank now owns 253,060 shares of the bank’s stock valued at $2,632,000 after acquiring an additional 82,165 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 1.0 %

HBAN opened at $13.76 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $13.33 and a 200 day moving average price of $12.22. The company has a market cap of $19.95 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the prior year, the firm earned $0.38 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.51%. Huntington Bancshares’s payout ratio is 55.86%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Royal Bank of Canada lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Morgan Stanley reissued an “overweight” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research note on Monday. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Finally, Citigroup boosted their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Insider Buying and Selling at Huntington Bancshares

In other news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the transaction, the insider now owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,241 shares of company stock worth $1,360,359. Insiders own 0.89% of the company’s stock.

Huntington Bancshares 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.