116,722 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 116,722 shares of the bank’s stock, valued at approximately $1,485,000.

A number of other large investors also recently modified their holdings of the business. Wetzel Investment Advisors Inc. bought a new position in shares of Huntington Bancshares during the 4th quarter worth about $29,000. Planned Solutions Inc. acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth approximately $35,000. Baker Avenue Asset Management LP grew its holdings in shares of Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after purchasing an additional 963 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Huntington Bancshares during the third quarter valued at approximately $51,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HBAN has been the topic of a number of recent research reports. Evercore ISI lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, February 14th. Citigroup increased their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods upped their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $15.50 in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Huntington Bancshares Trading Down 0.5 %

NASDAQ:HBAN opened at $13.85 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07. The company has a market cap of $20.07 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. The business has a 50 day moving average price of $13.48 and a two-hundred day moving average price of $12.46.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $0.38 earnings per share. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 annualized dividend and a yield of 4.48%. Huntington Bancshares’s payout ratio is presently 55.86%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Kendall A. Kowalski sold 15,948 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total transaction of $214,819.56. Following the completion of the sale, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 224,092 shares of company stock valued at $3,031,731. Insiders own 0.92% of the company’s stock.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.