Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by JB Capital LLC

JB Capital LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 185,954 shares of the bank’s stock after acquiring an additional 4,287 shares during the quarter. JB Capital LLC’s holdings in Huntington Bancshares were worth $2,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HBAN. Boston Partners boosted its stake in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after purchasing an additional 9,533,511 shares during the last quarter. Norges Bank acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $206,703,000. Dimensional Fund Advisors LP lifted its position in Huntington Bancshares by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,130,774 shares of the bank’s stock worth $192,473,000 after buying an additional 765,070 shares in the last quarter. Raymond James & Associates grew its holdings in Huntington Bancshares by 3.1% in the 1st quarter. Raymond James & Associates now owns 7,403,303 shares of the bank’s stock valued at $103,276,000 after buying an additional 225,911 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Huntington Bancshares by 39.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock worth $83,124,000 after acquiring an additional 1,838,019 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HBAN shares. Royal Bank of Canada raised their price target 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. Baird R W cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Citigroup boosted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, July 26th. Finally, Bank of America upped their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven 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, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $15.59.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 7,278 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the sale, the insider now owns 648,904 shares in the company, valued at $8,851,050.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the transaction, the chief financial officer now directly owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Helga Houston sold 7,278 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the transaction, the insider now directly owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,900 shares of company stock worth $1,862,176. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Trading Up 2.9 %

Shares of HBAN stock traded up $0.41 on Friday, reaching $14.63. 14,063,781 shares of the stock were exchanged, compared to its average volume of 17,020,969. The firm has a 50 day moving average of $13.63 and a two-hundred day moving average of $13.46. The stock has a market cap of $21.20 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 2.94 and a beta of 1.06. 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 Incorporated has a 1-year low of $9.25 and a 1-year high of $15.24.

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 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 firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business earned $0.35 EPS. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

About Huntington Bancshares

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.