Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Increased by Larson Financial Group LLC

Larson Financial Group LLC raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,026 shares of the bank’s stock after buying an additional 2,503 shares during the quarter. Larson Financial Group LLC’s holdings in Huntington Bancshares were worth $1,896,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PDS Planning Inc raised its position in Huntington Bancshares by 11.8% during the fourth quarter. PDS Planning Inc now owns 50,524 shares of the bank’s stock valued at $643,000 after acquiring an additional 5,335 shares in the last quarter. Duality Advisers LP bought a new position in Huntington Bancshares during the fourth quarter valued at approximately $573,000. OLD National Bancorp IN bought a new position in Huntington Bancshares during the fourth quarter valued at approximately $410,000. CWM LLC raised its position in Huntington Bancshares by 8.4% during the fourth quarter. CWM LLC now owns 177,872 shares of the bank’s stock valued at $2,263,000 after acquiring an additional 13,844 shares in the last quarter. Finally, Signaturefd LLC raised its position in Huntington Bancshares by 33.4% during the fourth quarter. Signaturefd LLC now owns 29,748 shares of the bank’s stock valued at $378,000 after acquiring an additional 7,449 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on HBAN shares. Royal Bank of Canada increased their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $12.00 to $15.00 in a report on Tuesday, January 2nd. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $15.17.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN traded up $0.12 during midday trading on Tuesday, reaching $13.65. 7,669,275 shares of the company traded hands, compared to its average volume of 17,751,629. The firm has a market cap of $19.79 billion, a PE ratio of 12.19, a PEG ratio of 2.47 and a beta of 1.11. The stock’s 50-day simple moving average is $13.29 and its 200-day simple moving average is $12.19. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.155 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.54%. Huntington Bancshares’s payout ratio is 55.86%.

Insider Buying and Selling

In related news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction dated 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 in the company, valued at $3,847,809.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction dated 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 directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann B. Crane sold 58,000 shares of the business’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 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 sold a total of 102,241 shares of company stock worth $1,360,359 over the last three months. 0.92% of the stock is currently owned by company insiders.

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.