Callan Family Office LLC Makes New $353,000 Investment in Huntington Bancshares Incorporated $HBAN

Callan Family Office LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,067 shares of the bank’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HBAN. US Bancorp DE grew its holdings in shares of Huntington Bancshares by 3.4% in the second quarter. US Bancorp DE now owns 351,486 shares of the bank’s stock valued at $5,891,000 after purchasing an additional 11,395 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Huntington Bancshares by 3.7% during the 2nd quarter. Vontobel Holding Ltd. now owns 36,213 shares of the bank’s stock worth $607,000 after acquiring an additional 1,307 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Huntington Bancshares by 4.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 70,291 shares of the bank’s stock worth $1,178,000 after buying an additional 2,806 shares during the last quarter. Valmark Advisers Inc. lifted its position in shares of Huntington Bancshares by 3.5% during the 2nd quarter. Valmark Advisers Inc. now owns 50,116 shares of the bank’s stock worth $840,000 after buying an additional 1,684 shares during the last quarter. Finally, REAP Financial Group LLC lifted its position in shares of Huntington Bancshares by 66.6% during the 2nd quarter. REAP Financial Group LLC now owns 2,800 shares of the bank’s stock worth $47,000 after buying an additional 1,119 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. DA Davidson upped their price objective on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $21.00 price objective (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.37.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $16.21 on Thursday. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.77 and a beta of 0.96. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.44. The company’s 50-day moving average price is $17.10 and its 200 day moving average price is $16.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Huntington Bancshares Company 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.