Private Capital Group LLC lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 46.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,888 shares of the bank’s stock after purchasing an additional 1,558 shares during the period. Private Capital Group LLC’s holdings in Huntington Bancshares were worth $73,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in HBAN. Cornerstone Advisors Inc. grew its holdings in shares of Huntington Bancshares by 106.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,189 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in Huntington Bancshares by 155.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 3,759 shares of the bank’s stock valued at $52,000 after buying an additional 2,289 shares during the period. Bremer Bank National Association purchased a new stake in Huntington Bancshares during the 1st quarter valued at $53,000. AdvisorNet Financial Inc boosted its position in Huntington Bancshares by 28.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,414 shares of the bank’s stock valued at $61,000 after buying an additional 980 shares during the period. Finally, Meridian Wealth Management LLC purchased a new stake in Huntington Bancshares during the 1st quarter valued at $63,000. 75.13% of the stock is currently owned by institutional investors.
In other news, EVP Nancy E. Maloney sold 2,604 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $14.57, for a total value of $37,940.28. Following the completion of the sale, the executive vice president now directly owns 80,103 shares of the company’s stock, valued at approximately $1,167,100.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.22% of the company’s stock.
HBAN has been the subject of several analyst reports. Raymond James set a $14.00 price target on shares of Huntington Bancshares and gave the company a “buy” rating in a research report on Thursday, August 29th. Nomura set a $14.00 price target on shares of Huntington Bancshares and gave the company a “hold” rating in a research report on Friday, July 26th. Macquarie cut shares of Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 price target for the company. in a research report on Friday, July 12th. BMO Capital Markets cut shares of Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 price target for the company. in a research report on Monday, July 8th. Finally, ValuEngine cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Three equities 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. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus price target of $15.28.
Shares of NASDAQ:HBAN traded down $0.02 on Monday, hitting $14.33. The company had a trading volume of 91,177 shares, compared to its average volume of 8,120,049. The firm’s 50-day simple moving average is $13.50 and its two-hundred day simple moving average is $13.49. Huntington Bancshares Incorporated has a 1 year low of $11.12 and a 1 year high of $15.66. 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 firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.56 and a beta of 1.44.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results 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. Huntington Bancshares had a net margin of 25.77% and a return on equity of 14.23%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company posted $0.30 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.3 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.19%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, September 16th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.00%.
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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