Blueshift Asset Management LLC purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,857 shares of the bank’s stock, valued at approximately $213,000.
Other institutional investors have also modified their holdings of the company. HRT Financial LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter worth $2,293,000. State of Alaska Department of Revenue lifted its stake in shares of Huntington Bancshares by 3.3% during the 4th quarter. State of Alaska Department of Revenue now owns 168,967 shares of the bank’s stock worth $2,013,000 after purchasing an additional 5,441 shares during the period. BB&T Corp lifted its stake in shares of Huntington Bancshares by 94.2% during the 4th quarter. BB&T Corp now owns 54,661 shares of the bank’s stock worth $652,000 after purchasing an additional 26,512 shares during the period. FormulaFolio Investments LLC lifted its stake in shares of Huntington Bancshares by 55.5% during the 3rd quarter. FormulaFolio Investments LLC now owns 117,531 shares of the bank’s stock worth $1,754,000 after purchasing an additional 41,946 shares during the period. Finally, Credit Suisse AG lifted its stake in shares of Huntington Bancshares by 20.2% during the 3rd quarter. Credit Suisse AG now owns 1,378,201 shares of the bank’s stock worth $20,563,000 after purchasing an additional 231,415 shares during the period. 78.62% of the stock is currently owned by institutional investors.
In related news, EVP Mark E. Thompson sold 18,510 shares of the stock in a transaction on Monday, January 28th. The stock was sold at an average price of $13.49, for a total value of $249,699.90. Following the completion of the sale, the executive vice president now directly owns 667,175 shares in the company, valued at approximately $9,000,190.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Neumeyer sold 60,000 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the sale, the executive vice president now owns 356,615 shares of the company’s stock, valued at $4,889,191.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,577 shares of company stock valued at $1,116,158. 1.22% of the stock is owned by insiders.
A number of research firms have recently commented on HBAN. BidaskClub upgraded Huntington Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, January 19th. Jefferies Financial Group downgraded Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a report on Monday, January 28th. Zacks Investment Research downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Sandler O’Neill downgraded Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Raymond James upped their price objective on Huntington Bancshares from $15.50 to $16.00 and gave the stock an “outperform” rating in a report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Huntington Bancshares presently has a consensus rating of “Hold” and an average price target of $16.50.
HBAN stock opened at $14.07 on Friday. The firm has a market cap of $14.70 billion, a PE ratio of 11.73, a PEG ratio of 1.13 and a beta of 1.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86. Huntington Bancshares Incorporated has a 52 week low of $11.12 and a 52 week high of $16.52.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.56 annualized dividend and a yield of 3.98%. Huntington Bancshares’s dividend payout ratio is currently 46.67%.
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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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