Sicart Associates LLC purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, Holdings Channel reports. The institutional investor purchased 48,890 shares of the bank’s stock, valued at approximately $705,000.
A number of other institutional investors have also modified their holdings of the stock. First Trust Advisors LP increased its position in Huntington Bancshares by 18.2% in the first quarter. First Trust Advisors LP now owns 1,954,053 shares of the bank’s stock worth $24,777,000 after purchasing an additional 300,952 shares during the period. Marshall Wace LLP acquired a new stake in Huntington Bancshares in the first quarter worth about $1,937,000. Advisory Services Network LLC increased its position in Huntington Bancshares by 34.5% in the first quarter. Advisory Services Network LLC now owns 7,620 shares of the bank’s stock worth $97,000 after purchasing an additional 1,954 shares during the period. Private Trust Co. NA grew its position in shares of Huntington Bancshares by 100.7% during the 2nd quarter. Private Trust Co. NA now owns 42,998 shares of the bank’s stock worth $594,000 after buying an additional 21,573 shares during the period. Finally, Macnealy Hoover Investment Management Inc. grew its position in shares of Huntington Bancshares by 3.9% during the 2nd quarter. Macnealy Hoover Investment Management Inc. now owns 165,759 shares of the bank’s stock worth $2,291,000 after buying an additional 6,280 shares during the period. 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 Huntington Bancshares stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.57, for a total transaction of $37,940.28. Following the transaction, the executive vice president now owns 80,103 shares in the company, valued at approximately $1,167,100.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.22% of the company’s stock.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a return on equity of 14.23% and a net margin of 25.77%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.30 EPS. Huntington Bancshares’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.31 earnings per share for the current year.
Several equities analysts have recently issued reports on HBAN shares. Nomura set a $14.00 target price on Huntington Bancshares and gave the stock a “hold” rating in a research report on Friday, July 26th. Macquarie lowered Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 target price for the company. in a research report on Friday, July 12th. ValuEngine upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Raymond James set a $14.00 target price on Huntington Bancshares and gave the stock a “buy” rating in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.09.
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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