Signaturefd LLC Acquires 7,449 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Signaturefd LLC boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,748 shares of the bank’s stock after acquiring an additional 7,449 shares during the quarter. Signaturefd LLC’s holdings in Huntington Bancshares were worth $378,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in shares of Huntington Bancshares by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock valued at $29,066,000 after purchasing an additional 62,674 shares during the last quarter. Comerica Bank bought a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $5,261,000. Vest Financial LLC increased its position in shares of Huntington Bancshares by 16.5% during the 4th quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after purchasing an additional 141,410 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Huntington Bancshares by 199.6% during the 3rd quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock valued at $3,893,000 after purchasing an additional 249,356 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Huntington Bancshares by 5.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock valued at $1,256,000 after acquiring an additional 5,740 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HBAN shares. Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, April 5th. UBS Group upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $15.00 in a report on Wednesday, February 14th. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their target price for the company from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Evercore ISI increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Insider Activity at Huntington Bancshares

In related news, VP Julie C. Tutkovics sold 15,541 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Huntington Bancshares news, VP Brantley J. Standridge sold 50,000 shares of Huntington Bancshares stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the sale, the vice president now owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Insiders sold a total of 198,189 shares of company stock valued at $2,664,978 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 1.3 %

HBAN opened at $13.58 on Friday. The stock has a market cap of $19.66 billion, a PE ratio of 12.23, a PEG ratio of 2.53 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $13.35 and a 200-day moving average of $12.23. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter last year, the business posted $0.38 EPS. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

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

Huntington Bancshares Company 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.