Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 26.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 535,808 shares of the bank’s stock after acquiring an additional 113,474 shares during the period. ProShare Advisors LLC’s holdings in Huntington Bancshares were worth $6,001,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Huntington Bancshares during the 1st quarter valued at about $25,000. Aspire Private Capital LLC acquired a new stake in shares of Huntington Bancshares during the 1st quarter valued at about $28,631,635,000. Clear Street Markets LLC grew its position in shares of Huntington Bancshares by 81.6% during the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,272 shares during the period. Winch Advisory Services LLC grew its position in shares of Huntington Bancshares by 313.4% during the 1st quarter. Winch Advisory Services LLC now owns 3,117 shares of the bank’s stock valued at $35,000 after acquiring an additional 2,363 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Huntington Bancshares during the 1st quarter valued at about $35,000. 78.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HBAN shares. Barclays decreased their price target on shares of Huntington Bancshares from $14.00 to $13.00 in a research note on Tuesday, June 27th. Raymond James raised their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “strong-buy” rating in a research note on Monday, July 24th. DA Davidson raised their price target on shares of Huntington Bancshares from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $12.00 price target on shares of Huntington Bancshares in a research note on Tuesday, July 25th. Finally, StockNews.com began coverage on shares of Huntington Bancshares in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.13.

Huntington Bancshares Stock Down 1.5 %

HBAN stock opened at $10.70 on Monday. The firm has a market cap of $15.49 billion, a PE ratio of 6.90, a PEG ratio of 5.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50 day moving average price is $11.42 and its 200-day moving average price is $11.17. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $15.74.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $1.84 billion. Huntington Bancshares had a net margin of 24.74% and a return on equity of 15.20%. During the same quarter in the previous year, the company earned $0.36 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.38 EPS for the current year.

Huntington Bancshares Announces Dividend

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 $0.155 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.62 annualized dividend and a yield of 5.79%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 40.00%.

Insider Activity at Huntington Bancshares

In related news, EVP Paul G. Heller sold 23,817 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $11.89, for a total value of $283,184.13. Following the completion of the sale, the executive vice president now owns 505,910 shares in the company, valued at approximately $6,015,269.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Huntington Bancshares news, insider Helga Houston sold 12,280 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $11.97, for a total value of $146,991.60. Following the completion of the transaction, the insider now owns 594,564 shares in the company, valued at $7,116,931.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul G. Heller sold 23,817 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $11.89, for a total transaction of $283,184.13. Following the completion of the transaction, the executive vice president now owns 505,910 shares of the company’s stock, valued at approximately $6,015,269.90. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

About Huntington Bancshares

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).