Deltec Asset Management LLC acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,200 shares of the bank’s stock, valued at approximately $282,000.
Other large investors have also modified their holdings of the company. Sun Life Financial INC raised its position in Huntington Bancshares by 99,812.5% in the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock worth $108,000 after purchasing an additional 7,985 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $134,000. Verition Fund Management LLC bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $139,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Huntington Bancshares by 8.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after purchasing an additional 834 shares in the last quarter. Finally, Foster & Motley Inc. boosted its stake in shares of Huntington Bancshares by 2.2% during the 2nd quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock valued at $142,000 after purchasing an additional 224 shares in the last quarter. Institutional investors own 74.69% of the company’s stock.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the transaction, the insider now directly owns 499,824 shares in the company, valued at $6,882,576.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,004 shares of company stock valued at $1,006,859. Company insiders own 1.30% of the company’s stock.
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) traded down $0.07 during midday trading on Friday, reaching $13.14. 8,767,500 shares of the company traded hands, compared to its average volume of 8,214,786. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $14,203.63, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. Huntington Bancshares Incorporated has a 12 month low of $11.49 and a 12 month high of $14.74.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same quarter last year, the firm posted $0.11 earnings per share. analysts predict that Huntington Bancshares Incorporated will post 0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be given a $0.11 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, December 15th. Huntington Bancshares’s dividend payout ratio is presently 39.51%.
A number of brokerages recently issued reports on HBAN. Piper Jaffray Companies reissued a “buy” rating and set a $15.50 price target on shares of Huntington Bancshares in a research report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of Huntington Bancshares in a report on Friday, September 8th. JMP Securities assumed coverage on shares of Huntington Bancshares in a report on Thursday, August 31st. They issued an “outperform” rating and a $15.00 target price for the company. Sanford C. Bernstein raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $15.00 to $17.00 in a report on Thursday, September 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $15.00 target price (down from $16.00) on shares of Huntington Bancshares in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $15.22.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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