WEALTHFRONT Corp grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,746 shares of the bank’s stock after purchasing an additional 15,963 shares during the quarter. WEALTHFRONT Corp’s holdings in Huntington Bancshares were worth $1,414,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in HBAN. Columbia Asset Management bought a new position in Huntington Bancshares during the third quarter worth $103,000. NuWave Investment Management LLC increased its position in Huntington Bancshares by 5,991.8% during the third quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock worth $133,000 after acquiring an additional 8,748 shares during the period. Dupont Capital Management Corp increased its position in Huntington Bancshares by 79.3% during the second quarter. Dupont Capital Management Corp now owns 9,657 shares of the bank’s stock worth $143,000 after acquiring an additional 4,270 shares during the period. GAM Holding AG bought a new position in Huntington Bancshares during the second quarter worth $154,000. Finally, Donaldson Capital Management LLC bought a new position in Huntington Bancshares during the third quarter worth $172,000. 76.88% of the stock is currently owned by institutional investors.
In other news, insider Helga Houston sold 42,608 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $14.66, for a total value of $624,633.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen D. Steinour bought 17,493 shares of Huntington Bancshares stock in a transaction dated Thursday, October 25th. The stock was purchased at an average price of $13.48 per share, for a total transaction of $235,805.64. Following the purchase, the chief executive officer now directly owns 4,768,399 shares in the company, valued at approximately $64,278,018.52. The disclosure for this purchase can be found here. Insiders own 1.05% of the company’s stock.
Shares of Huntington Bancshares stock opened at $13.75 on Friday. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.77 and a beta of 1.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.89 and a current ratio of 0.90. Huntington Bancshares Incorporated has a 52-week low of $13.13 and a 52-week high of $16.60.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, December 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 57.14%.
A number of brokerages recently issued reports on HBAN. Zacks Investment Research lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. BMO Capital Markets dropped their target price on shares of Huntington Bancshares from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 24th. BidaskClub lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Vining Sparks reaffirmed a “buy” rating and set a $19.00 target price on shares of Huntington Bancshares in a research report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.92.
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Huntington Bancshares Profile
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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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