Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Cwm LLC

Cwm LLC increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.4% in the fourth quarter, Holdings Channel reports. The firm owned 177,872 shares of the bank’s stock after buying an additional 13,844 shares during the period. Cwm LLC’s holdings in Huntington Bancshares were worth $2,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HBAN. Wetzel Investment Advisors Inc. purchased a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $29,000. Planned Solutions Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth $33,000. Authentikos Wealth Advisory LLC acquired a new position in Huntington Bancshares during the third quarter worth $35,000. Baker Avenue Asset Management LP grew its stake in shares of Huntington Bancshares by 31.8% in the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after buying an additional 963 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Huntington Bancshares by 184.0% in the fourth quarter. Allworth Financial LP now owns 4,007 shares of the bank’s stock valued at $51,000 after buying an additional 2,596 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research analyst reports. Stephens restated an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, April 5th. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Morgan Stanley restated an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research note on Monday. Finally, UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Insider Transactions at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 15,948 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the sale, the insider now owns 21,102 shares in the company, valued at $284,243.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Kendall A. Kowalski sold 15,948 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the sale, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold a total of 198,189 shares of company stock valued at $2,664,978 in the last ninety days. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Down 1.3 %

Huntington Bancshares stock opened at $13.58 on Friday. The stock’s fifty day moving average is $13.35 and its two-hundred day moving average is $12.23. The stock has a market cap of $19.66 billion, a PE ratio of 12.23, a P/E/G ratio of 2.53 and a beta of 1.11. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $14.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.57%. Huntington Bancshares’s payout ratio is currently 55.86%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.