Chevy Chase Trust Holdings Inc. lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 969,475 shares of the bank’s stock after buying an additional 12,868 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.09% of Huntington Bancshares worth $13,535,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Sun Life Financial INC increased its holdings in shares of Huntington Bancshares by 99,812.5% during the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock worth $108,000 after buying an additional 7,985 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Huntington Bancshares during the second quarter worth $139,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Huntington Bancshares by 8.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock worth $140,000 after buying an additional 834 shares in the last quarter. Alpha Cubed Investments LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth $151,000. Finally, ClariVest Asset Management LLC increased its holdings in shares of Huntington Bancshares by 53.4% during the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock worth $156,000 after buying an additional 3,900 shares in the last quarter. Institutional investors own 73.77% of the company’s stock.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $14.81 on Wednesday. The firm has a market capitalization of $16,052.05, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.69 and a beta of 1.33. Huntington Bancshares Incorporated has a 1-year low of $12.14 and a 1-year high of $14.93. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same quarter in the previous year, the company earned $0.11 earnings per share. equities analysts anticipate that Huntington Bancshares Incorporated will post 0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.97%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio is 39.51%.
HBAN has been the subject of several research analyst reports. Nomura upped their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 price target on shares of Huntington Bancshares in a report on Friday, September 8th. Piper Jaffray Companies restated a “buy” rating and issued a $15.50 price objective on shares of Huntington Bancshares in a report on Tuesday, October 17th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.25 price objective on shares of Huntington Bancshares in a report on Friday, October 13th. Finally, FBR & Co restated a “hold” rating and issued a $14.00 price objective on shares of Huntington Bancshares in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Huntington Bancshares presently has an average rating of “Buy” and a consensus price target of $15.46.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the sale, the executive vice president now directly owns 427,270 shares in the company, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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