Xact Kapitalforvaltning AB lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 16.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,937 shares of the bank’s stock after buying an additional 30,413 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Huntington Bancshares were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Lincoln National Corp lifted its stake in shares of Huntington Bancshares by 0.6% in the second quarter. Lincoln National Corp now owns 14,350 shares of the bank’s stock worth $194,000 after buying an additional 84 shares during the last quarter. Janney Capital Management LLC lifted its stake in shares of Huntington Bancshares by 0.6% in the second quarter. Janney Capital Management LLC now owns 29,185 shares of the bank’s stock worth $394,000 after buying an additional 179 shares during the last quarter. North Star Asset Management Inc. lifted its stake in shares of Huntington Bancshares by 1.6% in the first quarter. North Star Asset Management Inc. now owns 12,656 shares of the bank’s stock worth $169,000 after buying an additional 200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Huntington Bancshares by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock worth $1,092,000 after buying an additional 216 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in shares of Huntington Bancshares by 1.2% in the second quarter. OLD National Bancorp IN now owns 19,152 shares of the bank’s stock worth $259,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 74.01% of the company’s stock.
In other Huntington Bancshares news, EVP Nicholas G. Stanutz sold 16,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total transaction of $203,360.00. Following the transaction, the executive vice president now owns 447,722 shares in the company, valued at approximately $5,690,546.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
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Shares of Huntington Bancshares Incorporated (HBAN) opened at 13.94 on Friday. The company has a market cap of $15.19 billion, a price-to-earnings ratio of 19.31 and a beta of 1.38. The firm has a 50-day moving average of $13.51 and a 200 day moving average of $13.15. Huntington Bancshares Incorporated has a one year low of $10.07 and a one year high of $14.74.
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 consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same quarter in the previous year, the business earned $0.11 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post $0.91 EPS for the current year.
The company also recently disclosed 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. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 annualized dividend and a yield of 3.16%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 39.51%.
A number of brokerages have recently weighed in on HBAN. BMO Capital Markets cut shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research note on Thursday. FBR & Co restated a “hold” rating and issued a $14.00 price objective on shares of Huntington Bancshares in a research note on Thursday. Nomura boosted their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Huntington Bancshares and gave the stock a “hold” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $15.50 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Huntington Bancshares presently has an average rating of “Buy” and a consensus target price of $15.22.
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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