Blair William & Co. IL Grows Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Blair William & Co. IL lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 399.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 586,897 shares of the bank’s stock after purchasing an additional 469,398 shares during the quarter. Blair William & Co. IL’s holdings in Huntington Bancshares were worth $7,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares in the first quarter worth about $29,000. YHB Investment Advisors Inc. purchased a new position in Huntington Bancshares in the 1st quarter worth approximately $30,000. Hazlett Burt & Watson Inc. lifted its position in Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,003 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Huntington Bancshares during the 1st quarter valued at $40,000. Finally, ORG Partners LLC increased its holdings in shares of Huntington Bancshares by 354.9% in the 2nd quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock worth $44,000 after purchasing an additional 2,594 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HBAN shares. Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Friday, July 26th. Citigroup raised their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada raised their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. decreased their target price 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $15.59.

Huntington Bancshares Price Performance

HBAN stock opened at $14.86 on Friday. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24. The firm 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 company has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $13.73. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period in the prior year, the business posted $0.35 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

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

Insider Buying and Selling

In related news, VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the sale, the vice president now directly owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the vice president now directly owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the 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 directly owns 11,111 shares in the company, valued at approximately $167,331.66. The disclosure for this sale can be found here. Insiders have sold 116,622 shares of company stock valued at $1,762,904 in the last ninety days. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Company 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.