Wedmont Private Capital Purchases 960 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Wedmont Private Capital boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,262 shares of the bank’s stock after purchasing an additional 960 shares during the period. Wedmont Private Capital’s holdings in Huntington Bancshares were worth $200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HBAN. Vanguard Group Inc. increased its position in shares of Huntington Bancshares by 0.7% during the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock valued at $1,789,520,000 after acquiring an additional 1,209,264 shares during the last quarter. Boston Partners increased its position in shares of Huntington Bancshares by 59.3% during the 4th quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock valued at $593,408,000 after purchasing an additional 17,365,446 shares during the last quarter. Norges Bank bought a new stake in shares of Huntington Bancshares during the 4th quarter worth $206,703,000. Dimensional Fund Advisors LP boosted its holdings in shares of Huntington Bancshares by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 15,130,774 shares of the bank’s stock worth $192,473,000 after buying an additional 765,070 shares during the last quarter. Finally, Northern Trust Corp grew its position in Huntington Bancshares by 5.5% during the third quarter. Northern Trust Corp now owns 14,273,987 shares of the bank’s stock valued at $148,449,000 after buying an additional 744,443 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.9 %

NASDAQ HBAN opened at $12.63 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock’s 50-day simple moving average is $13.45 and its two-hundred day simple moving average is $13.12. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $14.30. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.32 and a beta of 1.08.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data 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. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period last year, the firm posted $0.38 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.91%. Huntington Bancshares’s payout ratio is 55.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HBAN. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. Morgan Stanley reduced their price objective on Huntington Bancshares from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Tuesday, June 11th. Jefferies Financial Group raised Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Evercore ISI increased their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $15.13.

Insider Activity

In related news, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the transaction, the insider now owns 648,904 shares in the company, valued at approximately $8,851,050.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Helga Houston sold 7,278 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the sale, the insider now directly owns 648,904 shares in the company, valued at approximately $8,851,050.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,829 shares of company stock valued at $2,148,623. Corporate insiders own 0.89% of the company’s stock.

About Huntington Bancshares

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.