DekaBank Deutsche Girozentrale reduced its stake in Huntington Bancshares (NASDAQ:HBAN) by 13.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,837 shares of the bank’s stock after selling 10,324 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Huntington Bancshares were worth $1,089,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HBAN. Bank of Montreal Can lifted its stake in shares of Huntington Bancshares by 24.2% in the fourth quarter. Bank of Montreal Can now owns 5,274,916 shares of the bank’s stock worth $76,802,000 after acquiring an additional 1,027,377 shares during the period. National Pension Service lifted its stake in Huntington Bancshares by 3.8% in the fourth quarter. National Pension Service now owns 1,163,604 shares of the bank’s stock valued at $16,942,000 after buying an additional 42,076 shares during the period. First National Trust Co acquired a new position in Huntington Bancshares in the fourth quarter valued at approximately $1,025,000. Koshinski Asset Management Inc. acquired a new position in Huntington Bancshares in the fourth quarter valued at approximately $766,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Huntington Bancshares by 2.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,687,371 shares of the bank’s stock valued at $53,689,000 after buying an additional 74,997 shares during the period. 74.66% of the stock is currently owned by institutional investors.
In related news, EVP Nancy E. Maloney sold 1,958 shares of the company’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $14.54, for a total transaction of $28,469.32. Following the completion of the sale, the executive vice president now owns 79,646 shares in the company, valued at $1,158,052.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Neumeyer sold 25,178 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $15.13, for a total value of $380,943.14. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.
Several brokerages have issued reports on HBAN. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th. Hilliard Lyons raised Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, February 9th. Sandler O’Neill reissued a “buy” rating and issued a $18.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 23rd. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of Huntington Bancshares in a research note on Wednesday, January 24th. Finally, Zacks Investment Research lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Huntington Bancshares presently has a consensus rating of “Buy” and an average target price of $16.98.
Shares of Huntington Bancshares opened at $15.12 on Friday, MarketBeat reports. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.85. Huntington Bancshares has a twelve month low of $12.14 and a twelve month high of $16.60. The company has a market cap of $16.64 billion, a PE ratio of 15.43, a PEG ratio of 1.05 and a beta of 1.34.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Tuesday, April 24th. The bank reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Huntington Bancshares had a return on equity of 12.64% and a net margin of 26.97%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. Huntington Bancshares’s revenue for the quarter was up 3.4% on a year-over-year basis. equities analysts predict that Huntington Bancshares will post 1.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Monday, June 18th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, June 15th. Huntington Bancshares’s payout ratio is 44.90%.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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