Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 42.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,550 shares of the bank’s stock after acquiring an additional 20,870 shares during the quarter. Everence Capital Management Inc.’s holdings in Huntington Bancshares were worth $1,132,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HBAN. State Street Corp grew its position in Huntington Bancshares by 10.3% in the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares during the last quarter. FMR LLC grew its holdings in Huntington Bancshares by 16.8% in the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock worth $348,672,000 after buying an additional 3,410,597 shares in the last quarter. Victory Capital Management Inc. increased its position in Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock valued at $298,682,000 after acquiring an additional 2,363,988 shares during the period. Point72 Asset Management L.P. raised its stake in Huntington Bancshares by 194.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank’s stock valued at $42,226,000 after acquiring an additional 2,116,839 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Huntington Bancshares by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank’s stock worth $921,778,000 after acquiring an additional 1,522,767 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $16.45 on Friday. The stock’s fifty day simple moving average is $16.98 and its 200-day simple moving average is $15.19. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 3.42 and a beta of 1.06. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 1-year low of $12.02 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $0.36 EPS. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Insider Transactions at Huntington Bancshares

In related news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,699 shares of company stock valued at $757,356. 0.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HBAN. Barclays lifted 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, October 18th. The Goldman Sachs Group upped their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Citigroup upped their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.56.

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.