Huntington Bancshares Incorporated $HBAN Shares Bought by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 101.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 558,017 shares of the bank’s stock after acquiring an additional 281,590 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Huntington Bancshares were worth $9,682,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HBAN. Vanguard Group Inc. raised its holdings in shares of Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock worth $3,319,385,000 after acquiring an additional 14,338,222 shares during the last quarter. Junto Capital Management LP acquired a new position in shares of Huntington Bancshares in the third quarter worth $85,690,000. Victory Capital Management Inc. raised its holdings in shares of Huntington Bancshares by 15.7% in the third quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after acquiring an additional 4,640,302 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Huntington Bancshares in the fourth quarter worth $73,333,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Huntington Bancshares by 48.0% in the third quarter. Squarepoint Ops LLC now owns 9,676,829 shares of the bank’s stock worth $167,119,000 after acquiring an additional 3,138,669 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director James D. Rollins III purchased 3,029 shares of the stock in a transaction on Tuesday, April 28th. The stock was purchased at an average price of $21.05 per share, with a total value of $63,760.45. Following the completion of the transaction, the director owned 9,500 shares in the company, valued at approximately $199,975. The trade was a 46.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott D. Kleinman sold 65,530 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $15.28, for a total value of $1,001,298.40. Following the sale, the vice president directly owned 481,676 shares of the company’s stock, valued at approximately $7,360,009.28. This trade represents a 11.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders acquired 39,200 shares of company stock worth $756,724 in the last three months. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $15.41 on Friday. The company has a market cap of $31.24 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.71 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The business has a fifty day simple moving average of $16.01 and a 200-day simple moving average of $16.73.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter in the previous year, the business earned $0.34 earnings per share. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.62 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. Huntington Bancshares’s payout ratio is currently 47.69%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HBAN. Evercore cut their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Royal Bank Of Canada cut their price target on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Barclays cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, DA Davidson cut their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $20.05.

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.