Well Done LLC Grows Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Well Done LLC grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,035 shares of the bank’s stock after purchasing an additional 1,438 shares during the quarter. Well Done LLC’s holdings in Huntington Bancshares were worth $1,132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its position in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after acquiring an additional 9,533,511 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Huntington Bancshares by 0.4% during the second quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank’s stock worth $236,640,000 after purchasing an additional 65,355 shares during the period. Dimensional Fund Advisors LP boosted its position in Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock valued at $208,346,000 after buying an additional 561,565 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Huntington Bancshares by 9.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank’s stock worth $85,940,000 after buying an additional 566,015 shares during the period. Finally, National Bank of Canada FI raised its position in Huntington Bancshares by 832.7% during the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock worth $46,927,000 after buying an additional 2,979,768 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the transaction, the vice president now directly owns 69,595 shares of the company’s stock, valued at $1,054,364.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kendall A. Kowalski sold 5,747 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the transaction, the insider now owns 65,899 shares in the company, valued at approximately $987,167.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,622 shares of company stock valued at $1,762,904. 0.89% of the stock is owned by insiders.

Huntington Bancshares Price Performance

HBAN traded down $0.04 during midday trading on Friday, hitting $15.39. 2,103,715 shares of the company traded hands, compared to its average volume of 16,164,509. The business has a 50 day simple moving average of $14.53 and a two-hundred day simple moving average of $13.92. Huntington Bancshares Incorporated has a 52-week low of $9.25 and a 52-week high of $16.03. The company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company posted $0.36 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.03%. Huntington Bancshares’s payout ratio is 55.86%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HBAN shares. Argus upped their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods lowered their price target on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. reduced their price objective on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Baird R W downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Evercore ISI reduced their price target on Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.71.

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.