Bronfman E.L. Rothschild L.P. Has $140,000 Position in Huntington Bancshares Incorporated (HBAN)

Bronfman E.L. Rothschild L.P. grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,382 shares of the bank’s stock after purchasing an additional 834 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Huntington Bancshares were worth $140,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Huntington Bancshares by 1.7% during the second quarter. Principal Financial Group Inc. now owns 1,692,950 shares of the bank’s stock worth $22,889,000 after acquiring an additional 28,348 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in Huntington Bancshares during the second quarter worth $1,329,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Huntington Bancshares by 4.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 116,144 shares of the bank’s stock worth $1,570,000 after acquiring an additional 5,223 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Huntington Bancshares by 14.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 763,476 shares of the bank’s stock worth $10,322,000 after acquiring an additional 97,590 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Huntington Bancshares by 8.4% during the second quarter. Pacer Advisors Inc. now owns 21,897 shares of the bank’s stock worth $296,000 after acquiring an additional 1,693 shares during the period. Institutional investors own 74.14% of the company’s stock.

A number of analysts recently commented on HBAN shares. BMO Capital Markets reiterated an “outperform” rating and set a $15.00 price target (down from $16.00) on shares of Huntington Bancshares in a report on Friday, July 21st. Deutsche Bank AG reiterated a “buy” rating on shares of Huntington Bancshares in a report on Monday, July 3rd. Instinet reiterated a “buy” rating and set a $16.00 price target (up from $15.00) on shares of Huntington Bancshares in a report on Wednesday, July 12th. BidaskClub downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, JMP Securities initiated coverage on Huntington Bancshares in a research report on Thursday, August 31st. They issued an “outperform” rating and a $15.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.01.

In other Huntington Bancshares news, Director Richard W. Neu purchased 2,450 shares of the business’s stock in a transaction on Friday, July 28th. The stock was acquired at an average price of $13.10 per share, for a total transaction of $32,095.00. Following the purchase, the director now owns 184,596 shares of the company’s stock, valued at approximately $2,418,207.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas G. Stanutz sold 16,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total value of $203,360.00. Following the completion of the sale, the executive vice president now owns 447,722 shares of the company’s stock, valued at approximately $5,690,546.62. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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Huntington Bancshares Incorporated (NASDAQ HBAN) opened at 13.39 on Friday. Huntington Bancshares Incorporated has a 12 month low of $9.52 and a 12 month high of $14.74. The stock has a market capitalization of $14.60 billion, a PE ratio of 18.55 and a beta of 1.37. The stock has a 50 day moving average price of $12.83 and a 200 day moving average price of $13.10.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 21st. The bank reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Huntington Bancshares had a return on equity of 11.39% and a net margin of 18.41%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $0.19 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post $0.92 earnings per share for the current fiscal year.

Huntington Bancshares announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to repurchase $308.00 million in shares. This repurchase authorization allows the bank to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.39%. Huntington Bancshares’s dividend payout ratio is currently 46.38%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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