Blair William & Co. IL Increases Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Blair William & Co. IL lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 399.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 586,897 shares of the bank’s stock after purchasing an additional 469,398 shares during the period. Blair William & Co. IL’s holdings in Huntington Bancshares were worth $7,735,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HBAN. WealthShield Partners LLC lifted its holdings in Huntington Bancshares by 5.9% during the second quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock worth $163,000 after acquiring an additional 683 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Huntington Bancshares by 3.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after purchasing an additional 744 shares during the period. Summit Financial Strategies Inc. boosted its holdings in shares of Huntington Bancshares by 2.5% in the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock worth $408,000 after buying an additional 762 shares during the last quarter. State of Alaska Department of Revenue grew its position in Huntington Bancshares by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock valued at $2,192,000 after buying an additional 780 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in Huntington Bancshares by 1.3% during the first quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock worth $880,000 after buying an additional 794 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HBAN shares. Robert W. Baird downgraded shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, July 26th. Morgan Stanley raised their target price on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Argus lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Evercore ISI dropped their price objective on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.59.

Huntington Bancshares Stock Down 0.7 %

Shares of NASDAQ:HBAN opened at $14.86 on Friday. The stock has a market capitalization of $21.54 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The stock’s 50-day moving average price is $14.34 and its 200-day moving average price is $13.73. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 12-month low of $9.25 and a 12-month high of $15.24.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. 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 firm earned $0.35 EPS. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.17%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Insider Buying and Selling

In other news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the sale, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares in the company, valued at approximately $167,331.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Helga Houston sold 11,288 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now owns 618,832 shares of the company’s stock, valued at approximately $9,294,856.64. The disclosure for this sale can be found here. Insiders have sold 116,622 shares of company stock valued at $1,762,904 over the last ninety days. 0.89% of the stock is 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.