Chartwell Investment Partners LLC raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,524 shares of the bank’s stock after purchasing an additional 861 shares during the period. Chartwell Investment Partners LLC’s holdings in Huntington Bancshares were worth $197,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vantage Consulting Group Inc acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at approximately $26,000. San Francisco Sentry Investment Group CA raised its position in shares of Huntington Bancshares by 1,257.9% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 2,159 shares of the bank’s stock valued at $27,000 after acquiring an additional 2,000 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $29,000. Fort Pitt Capital Group LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $29,000. Finally, Charter Oak Capital Management LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $35,000. 72.59% of the stock is currently owned by institutional investors.
In related news, EVP Scott D. Kleinman sold 6,225 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $15.56, for a total transaction of $96,861.00. Following the completion of the transaction, the executive vice president now owns 212,853 shares of the company’s stock, valued at $3,311,992.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rajeev Syal sold 27,674 shares of the firm’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $15.50, for a total value of $428,947.00. Following the transaction, the executive vice president now directly owns 285,009 shares of the company’s stock, valued at approximately $4,417,639.50. The disclosure for this sale can be found here. Insiders have sold 208,313 shares of company stock valued at $3,265,536 in the last ninety days. Company insiders own 0.70% of the company’s stock.
NASDAQ:HBAN opened at $15.85 on Monday. Huntington Bancshares Incorporated has a 1 year low of $7.45 and a 1 year high of $16.91. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.26 and a beta of 1.47. The business has a fifty day moving average of $15.73 and a 200-day moving average of $14.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 0.91.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, April 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.16. Huntington Bancshares had a return on equity of 7.70% and a net margin of 15.34%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 0.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Thursday, June 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 16th. This represents a $0.60 annualized dividend and a yield of 3.79%. Huntington Bancshares’s dividend payout ratio is currently 47.24%.
About Huntington Bancshares
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of 839 branches, including 11 Private Client Group offices, and 1,322 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services.
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