12,354 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Acquired by Bank of The West

Bank of The West purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,354 shares of the bank’s stock, valued at approximately $101,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cetera Advisors LLC lifted its position in Huntington Bancshares by 4.2% during the 1st quarter. Cetera Advisors LLC now owns 64,905 shares of the bank’s stock worth $533,000 after acquiring an additional 2,645 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of Huntington Bancshares by 4.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 37,666 shares of the bank’s stock valued at $309,000 after purchasing an additional 1,549 shares in the last quarter. Bartlett & Co. LLC acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at approximately $69,000. Ieq Capital LLC raised its position in shares of Huntington Bancshares by 88.2% in the 1st quarter. Ieq Capital LLC now owns 19,224 shares of the bank’s stock valued at $158,000 after purchasing an additional 9,008 shares in the last quarter. Finally, Game Plan Financial Advisors LLC raised its position in shares of Huntington Bancshares by 79.7% in the 1st quarter. Game Plan Financial Advisors LLC now owns 52,080 shares of the bank’s stock valued at $425,000 after purchasing an additional 23,106 shares in the last quarter. 75.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on HBAN shares. Cfra cut their target price on Huntington Bancshares from $15.00 to $9.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. UBS Group boosted their price target on Huntington Bancshares from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Nomura Securities lowered their price target on Huntington Bancshares from $14.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Barclays reiterated a “hold” rating and issued a $12.00 price target on shares of Huntington Bancshares in a report on Thursday, April 9th. Finally, Robert W. Baird upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Monday, March 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Huntington Bancshares currently has a consensus rating of “Hold” and an average target price of $10.69.

In other news, EVP Mark E. Thompson sold 11,464 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $8.68, for a total transaction of $99,507.52. Following the completion of the sale, the executive vice president now directly owns 644,809 shares of the company’s stock, valued at $5,596,942.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

NASDAQ:HBAN opened at $8.17 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 3.63 and a beta of 1.55. The business has a fifty day moving average of $8.16 and a 200-day moving average of $12.17. Huntington Bancshares Incorporated has a 1 year low of $6.82 and a 1 year high of $15.63.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.09). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Huntington Bancshares had a net margin of 19.65% and a return on equity of 10.40%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 0.46 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Tuesday, June 16th. Huntington Bancshares’s dividend payout ratio is 47.24%.

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

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