Waldron Private Wealth LLC grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 33.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,661 shares of the bank’s stock after purchasing an additional 5,139 shares during the period. Waldron Private Wealth LLC’s holdings in Huntington Bancshares were worth $288,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in HBAN. Dimensional Fund Advisors LP lifted its stake in shares of Huntington Bancshares by 13.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,117,471 shares of the bank’s stock valued at $168,284,000 after purchasing an additional 1,714,381 shares during the period. Geode Capital Management LLC lifted its stake in shares of Huntington Bancshares by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 14,526,595 shares of the bank’s stock valued at $172,863,000 after purchasing an additional 709,854 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $397,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at $738,000. Finally, Raymond James Trust N.A. lifted its stake in shares of Huntington Bancshares by 26.8% in the 1st quarter. Raymond James Trust N.A. now owns 69,410 shares of the bank’s stock valued at $880,000 after purchasing an additional 14,672 shares during the period. 76.23% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Nancy E. Maloney sold 2,604 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $14.57, for a total transaction of $37,940.28. Following the sale, the executive vice president now owns 80,103 shares of the company’s stock, valued at approximately $1,167,100.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul G. Heller sold 33,772 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.08, for a total value of $441,737.76. Following the sale, the executive vice president now directly owns 458,479 shares in the company, valued at approximately $5,996,905.32. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.
A number of research analysts have recently weighed in on the company. Argus assumed coverage on Huntington Bancshares in a research note on Friday, May 31st. They issued a “hold” rating on the stock. ValuEngine downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BMO Capital Markets downgraded Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 price target on the stock. in a research note on Monday, July 8th. Nomura set a $14.00 price target on Huntington Bancshares and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.63.
Huntington Bancshares stock traded down $0.42 during mid-day trading on Wednesday, hitting $12.48. 204,904 shares of the company’s stock were exchanged, compared to its average volume of 11,506,599. The firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 1.42 and a beta of 1.40. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $16.52. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $13.72.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. Huntington Bancshares had a return on equity of 14.23% and a net margin of 25.77%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.81%. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.14. Huntington Bancshares’s dividend payout ratio (DPR) is presently 46.67%.
Huntington Bancshares Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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