Dimensional Fund Advisors LP Has $208.35 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Dimensional Fund Advisors LP lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,810,239 shares of the bank’s stock after purchasing an additional 561,565 shares during the period. Dimensional Fund Advisors LP owned 1.09% of Huntington Bancshares worth $208,346,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares during the first quarter worth $29,000. YHB Investment Advisors Inc. bought a new position in Huntington Bancshares during the first quarter worth $30,000. Hazlett Burt & Watson Inc. raised its stake in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after buying an additional 2,003 shares during the last quarter. Nemes Rush Group LLC raised its stake in Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after buying an additional 1,391 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in Huntington Bancshares during the first quarter worth $40,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HBAN shares. Keefe, Bruyette & Woods lowered their target price on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Argus lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Morgan Stanley lifted their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.59.

Huntington Bancshares Stock Up 2.7 %

Huntington Bancshares stock opened at $14.96 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $9.25 and a fifty-two week high of $15.24. The stock has a market cap of $21.68 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The firm’s 50-day simple moving average is $14.31 and its 200 day simple moving average is $13.72. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company earned $0.35 earnings per share. Research analysts predict that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the transaction, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the transaction, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The disclosure for this sale can be found here. Insiders have sold a total of 116,622 shares of company stock worth $1,762,904 over the last three months. 0.89% of the stock is currently owned by insiders.

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.