United Capital Financial Advisers LLC lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,150 shares of the bank’s stock after buying an additional 3,245 shares during the period. United Capital Financial Advisers LLC’s holdings in Huntington Bancshares were worth $1,301,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. increased its stake in Huntington Bancshares by 106.5% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock valued at $32,000 after buying an additional 1,189 shares during the last quarter. Bremer Bank National Association bought a new stake in shares of Huntington Bancshares during the 1st quarter valued at $53,000. Icon Wealth Partners LLC bought a new stake in shares of Huntington Bancshares during the 1st quarter valued at $57,000. AdvisorNet Financial Inc boosted its holdings in shares of Huntington Bancshares by 28.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,414 shares of the bank’s stock valued at $61,000 after buying an additional 980 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in shares of Huntington Bancshares during the 1st quarter valued at $63,000. Institutional investors and hedge funds own 75.13% of the company’s stock.
In other news, EVP Nancy E. Maloney sold 2,604 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $14.57, for a total transaction of $37,940.28. Following the completion of the sale, the executive vice president now owns 80,103 shares of the company’s stock, valued at approximately $1,167,100.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is currently owned by insiders.
NASDAQ HBAN traded down $0.02 during trading on Friday, reaching $14.45. The company’s stock had a trading volume of 2,386,766 shares, compared to its average volume of 8,254,542. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.59 and a beta of 1.44. Huntington Bancshares Incorporated has a 12 month low of $11.12 and a 12 month high of $16.06. The firm has a 50 day moving average price of $13.35 and a 200 day moving average price of $13.48.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Huntington Bancshares had a net margin of 25.77% and a return on equity of 14.23%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.3 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.15 per share. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Monday, September 16th. Huntington Bancshares’s payout ratio is presently 50.00%.
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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