PDS Planning Inc Has $643,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

PDS Planning Inc increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,524 shares of the bank’s stock after buying an additional 5,335 shares during the period. PDS Planning Inc’s holdings in Huntington Bancshares were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

HBAN has been the subject of several recent analyst reports. Raymond James upped their price objective on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, December 26th. Royal Bank of Canada upped their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.50 in a report on Tuesday, February 27th. Stephens reiterated an “equal weight” rating and issued a $15.00 target price on shares of Huntington Bancshares in a report on Monday. Finally, Citigroup increased their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average price target of $15.17.

Insider Activity at Huntington Bancshares

In other news, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Helga Houston sold 28,700 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at $7,483,483.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,241 shares of company stock worth $1,360,359. 0.92% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN traded up $0.15 during trading on Tuesday, hitting $13.68. 5,234,265 shares of the company were exchanged, compared to its average volume of 17,730,936. The company has a market cap of $19.84 billion, a PE ratio of 12.19, a P/E/G ratio of 2.47 and a beta of 1.11. The stock has a 50 day moving average of $13.29 and a 200 day moving average of $12.19. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week 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 posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.38 earnings per share. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 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 4.53%. The ex-dividend date is Monday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 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.