Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 695.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,291 shares of the bank’s stock after purchasing an additional 2,003 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Huntington Bancshares were worth $30,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares in the 1st quarter valued at approximately $29,000. Nemes Rush Group LLC increased its stake in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Huntington Bancshares in the 1st quarter valued at approximately $30,000. Register Financial Advisors LLC purchased a new position in Huntington Bancshares in the 1st quarter valued at approximately $40,000. Finally, ORG Partners LLC increased its stake in Huntington Bancshares by 354.9% in the 2nd quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after purchasing an additional 2,594 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Down 0.5 %

NASDAQ:HBAN opened at $14.22 on Thursday. The business’s 50-day moving average is $14.16 and its two-hundred day moving average is $13.66. The firm has a market capitalization of $20.61 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $15.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Research analysts predict that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the transaction, the chief financial officer now owns 265,809 shares in the company, valued at $4,021,690.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief financial officer now owns 265,809 shares in the company, valued at $4,021,690.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Helga Houston sold 11,288 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. The disclosure for this sale can be found here. Insiders have sold a total of 116,622 shares of company stock worth $1,762,904 over the last quarter. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on HBAN. Jefferies Financial Group cut their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods decreased their target price on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Argus boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Evercore ISI decreased their price objective on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, Robert W. Baird lowered Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.59.

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.