Bleakley Financial Group LLC Acquires 2,335 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bleakley Financial Group LLC boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,831 shares of the bank’s stock after acquiring an additional 2,335 shares during the quarter. Bleakley Financial Group LLC’s holdings in Huntington Bancshares were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Asset Dedication LLC increased its position in shares of Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares in the 1st quarter worth $29,000. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after acquiring an additional 2,003 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new position in Huntington Bancshares in the first quarter worth $40,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the company’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 sale, the vice president now owns 69,595 shares in the company, valued at approximately $1,054,364.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction dated 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 of the company’s stock, valued at $167,331.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nancy E. Maloney sold 57,537 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock valued at $1,762,904 in the last three months. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

HBAN stock opened at $15.36 on Monday. The firm has a 50-day moving average of $14.56 and a 200 day moving average of $13.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $22.26 billion, a P/E ratio of 13.84, a PEG ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter last year, the business posted $0.36 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.04%. Huntington Bancshares’s payout ratio is 55.86%.

Analyst Ratings Changes

HBAN has been the subject of several research analyst reports. Robert W. Baird lowered Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research note on Friday, July 26th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday. Evercore ISI decreased their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Barclays upped their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Morgan Stanley lifted their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.91.

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.