According to the Holdings Channel report, in the second quarter Oppenheimer Asset Management Inc. raised its position in shares of Huntington Bankshare Incorporated (NASDAQ: HBAN – Get Rating) to 7.2%. The fund held 13,013 shares of the bank’s stock after acquiring an additional 876 shares during the period. Oppenheimer Asset Management Inc’s holdings in Huntington Bankshares was $156,000 as of its most recent SEC filing.
Several other large investors have also changed their holdings in the company recently. Oppenheimer & Company Inc. raised its stake in Huntington Bancshares to 11.4% in the second quarter. Oppenheimer & Company Inc. after buying an additional 1,909 shares during the last quarter. now owns 18,652 shares of the bank’s stock valued at $225,000. Kentucky Retirement Systems Insurance Trust Fund boosted its holding in shares of Huntington Bancshares by 15.9% in the second quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 49,169 shares of the bank’s stock valued at $592,000 after acquiring an additional 6,731 shares during the last quarter. Mesro Financial Investment Management Equity & Fixed Income increased its position in shares of Huntington Bankshares by 12.5% during the second quarter. MESIROW Financial Investment Management Equity & Fixed Income now owns 168,455 shares of the bank’s stock valued at $2,027,000 after acquiring an additional 18,765 shares last quarter. Kentucky Retirement Systems increased its stake in Huntington Bancshares by 16.6% during the second quarter. Kentucky Retirement Systems now owns 106,814 shares of the bank’s stock valued at $1,285,000 after purchasing an additional 15,172 shares during the last quarter. Finally, Texas Permanent School Fund boosted its stake in Huntington BancShares by 1.9% in the second quarter. Texas Permanent School Fund now owns 190,094 shares of the bank’s stock valued at $2,287,000 after buying an additional 3,607 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.
Huntington Bankshare stock down 0.8%
Shares of Huntington Bancshares opened on Friday at $14.78. Huntington Bankshares Incorporated had a One Year Low of $11.67 and a One Year High of $17.79. The company has a market capitalization of $21.32 billion, a P/E ratio of 11.46, and a beta of 1.13. The debt-to-equity ratio of the company is 0.68, quick ratio is 0.83 and current ratio is 0.84. The firm’s fifty-day moving average is $14.17 and its two hundred-day moving average is $13.50.
Huntington Bankshares (NASDAQ: HBAN – Get Rating) last posted its quarterly earnings results on Friday, October 21. The bank reported earnings per share (EPS) of $0.39 for the quarter, which topped the consensus estimate of $0.38 by $0.01. Huntington BankShares had a net margin of 27.34% and a return on equity of 13.76%. During the same quarter last year, the company earned $0.35 earnings per share. On average, analysts expect Huntington Bankshares to post $1.47 earnings per share for the current year included.
Huntington BankShares Dividend Declaration
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record will be paid a $0.155 dividend on Monday, December 19th. The ex-dividend date is Friday, December 16. This represents a $0.62 dividend and a dividend yield of 4.19% on an annualized basis. The Dividend Payout Ratio (DPR) of Huntington Bankshare currently stands at 48.06%.
Wall Street analysts forecast growth
Several analysts weigh in on HBAN’s shares. Raymond James raised his price objective on shares of Huntington Bankshares from $17.00 to $18.00 and gave the stock a “strong-buy” rating in a report on Monday, October 24. Wedbush reissued a “neutral” rating and issued a $14.00 price target on shares of Huntington Bankshares in a research report on Wednesday, September 28. Royal Bank of Canada raised its price objective on Huntington Bankshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 11. Argus raised Huntington Bankshares from a “hold” rating to a “buy” rating and set a target price of $15.00 for the company in a report on Thursday, July 28. Finally, Morgan Stanley raised its price target on Huntington Bankshares from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, November 11. Three analysts have given Sell rating to the company’s stock, eight have Hold rating, four have Buy rating and one has Strong Buy rating on the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.69.
insider buying and selling
In other Huntington BancShares news, CFO Zachary Jacob Wasserman sold 28,055 shares of the firm’s stock in a transaction on Monday, Nov. 7. The stock was sold at an average price of $15.44 for a total value of $433,169.20. Following the completion of the sale, the chief financial officer now owns 140,060 shares of the company’s stock, valued at $2,162,526.40. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. In other news, VP Scott D. Kleinman sold 9,749 shares of the business’s stock in a transaction that occurred on Monday, November 7. The stock was sold at an average price of $15.50, for a total transaction of $151,109.50. Following the sale, the vice president now owns 214,477 shares of the company’s stock, valued at approximately $3,324,393.50. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available via this hyperlink. Additionally, CFO Zachary Jacob Wasserman sold 28,055 shares of the firm’s stock in a transaction that occurred on Monday, November 7. The shares were sold at an average price of $15.44, for a total value of $433,169.20. Following the completion of the transaction, the Chief Financial Officer now directly owns 140,060 shares of the Company’s stock, valued at $2,162,526.40. Disclosure of this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.
Huntington BankShares Profile
Huntington Bancshares Incorporated serves as the bank holding company for Huntington National Bank which provides commercial, consumer and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Tribunal; vehicle finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).
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