Huntington Bancshares Incorporated (HBAN) Shares Bought by Barings LLC

Barings LLC grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 68,138 shares of the bank’s stock after purchasing an additional 9,257 shares during the quarter. Barings LLC’s holdings in Huntington Bancshares were worth $1,006,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HBAN. Landmark Bank bought a new stake in shares of Huntington Bancshares during the 2nd quarter worth $322,000. HC Financial Advisors Inc. acquired a new stake in shares of Huntington Bancshares in the second quarter worth $1,950,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Huntington Bancshares by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 949,518 shares of the bank’s stock worth $14,014,000 after buying an additional 13,899 shares during the period. Victory Capital Management Inc. boosted its position in shares of Huntington Bancshares by 5.3% in the second quarter. Victory Capital Management Inc. now owns 463,579 shares of the bank’s stock worth $6,842,000 after buying an additional 23,220 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Huntington Bancshares by 3.2% in the second quarter. First Trust Advisors LP now owns 4,751,348 shares of the bank’s stock worth $70,130,000 after buying an additional 147,147 shares during the period. Institutional investors own 74.12% of the company’s stock.

In related news, EVP Richard Remiker sold 5,254 shares of Huntington Bancshares stock in a transaction on Monday, July 30th. The stock was sold at an average price of $15.55, for a total transaction of $81,699.70. Following the completion of the sale, the executive vice president now owns 321,462 shares of the company’s stock, valued at $4,998,734.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David L. Porteous sold 62,000 shares of the firm’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $15.06, for a total value of $933,720.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,505 shares of company stock valued at $1,447,095. Insiders own 1.05% of the company’s stock.



HBAN opened at $15.93 on Wednesday. The firm has a market cap of $17.49 billion, a P/E ratio of 16.27, a PEG ratio of 1.03 and a beta of 1.32. Huntington Bancshares Incorporated has a 1 year low of $12.14 and a 1 year high of $16.60. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Huntington Bancshares had a return on equity of 12.93% and a net margin of 27.90%. During the same quarter last year, the firm earned $0.26 earnings per share. analysts predict that Huntington Bancshares Incorporated will post 1.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be given a dividend of $0.14 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.56 dividend on an annualized basis and a yield of 3.52%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.90%.

Several brokerages have recently commented on HBAN. BidaskClub raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, August 4th. Jefferies Financial Group raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Nomura decreased their target price on Huntington Bancshares from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, April 25th. Susquehanna Bancshares set a $17.00 target price on Huntington Bancshares and gave the stock a “hold” rating in a research report on Tuesday, April 24th. Finally, Zacks Investment Research cut Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.05.

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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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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