Huntington Bancshares Incorporated $HBAN Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 146,708 shares of the bank’s stock, valued at approximately $2,240,000.

A number of other hedge funds have also modified their holdings of HBAN. TD Waterhouse Canada Inc. grew its position in Huntington Bancshares by 90.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at approximately $29,000. Johnson Financial Group Inc. purchased a new stake in shares of Huntington Bancshares during the 2nd quarter worth $31,000. Livelsberger Financial Advisory purchased a new stake in Huntington Bancshares during the third quarter worth about $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Huntington Bancshares by 80.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock valued at $35,000 after acquiring an additional 994 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, SVP Donnell White sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $15.87, for a total value of $47,610.00. Following the transaction, the senior vice president directly owned 23,697 shares in the company, valued at approximately $376,071.39. This represents a 11.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Rollins, III purchased 14,000 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were purchased at an average cost of $18.12 per share, for a total transaction of $253,680.00. Following the completion of the purchase, the director directly owned 15,500 shares in the company, valued at $280,860. The trade was a 933.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HBAN. Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, August 18th. JPMorgan Chase & Co. upped their target price on Huntington Bancshares from $17.50 to $18.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Jefferies Financial Group dropped their price target on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, September 24th. Bank of America downgraded Huntington Bancshares from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $18.50 in a research note on Monday, July 27th. Finally, TD Cowen started coverage on shares of Huntington Bancshares in a research report on Thursday, October 8th. They issued a “buy” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $18.89.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $15.84 on Wednesday. The business’s fifty day moving average price is $15.81 and its two-hundred day moving average price is $16.63. The stock has a market cap of $32.00 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. Huntington Bancshares Incorporated has a one year low of $14.82 and a one year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.54 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 18th will be paid a $0.1550 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.9%. Huntington Bancshares’s payout ratio is presently 51.24%.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus. Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.