Bleakley Financial Group LLC Boosts Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bleakley Financial Group LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,423 shares of the bank’s stock after buying an additional 1,598 shares during the period. Bleakley Financial Group LLC’s holdings in Huntington Bancshares were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tyler Stone Wealth Management purchased a new position in Huntington Bancshares during the second quarter worth about $25,000. Clear Street Markets LLC lifted its holdings in shares of Huntington Bancshares by 81.6% in the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock worth $32,000 after acquiring an additional 1,272 shares during the last quarter. Planned Solutions Inc. purchased a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $33,000. Authentikos Wealth Advisory LLC acquired a new stake in Huntington Bancshares in the 3rd quarter valued at approximately $35,000. Finally, Sunbelt Securities Inc. acquired a new position in Huntington Bancshares during the first quarter worth $35,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays raised Huntington Bancshares from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Tuesday, January 2nd. Royal Bank of Canada increased their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday. Evercore ISI lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods increased their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, Raymond James boosted their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.97.

Insider Transactions at Huntington Bancshares

In related news, Director Ann B. Crane sold 58,000 shares of the firm’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 transaction of $785,320.00. Following the sale, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $785,320.00. Following the completion of the sale, 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 ninety days. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $13.31 on Friday. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $14.07. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $13.19 and a two-hundred day moving average of $12.03. The stock has a market cap of $19.30 billion, a P/E ratio of 10.73, a PEG ratio of 2.51 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.2 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.62 annualized dividend and a dividend yield of 4.66%. Huntington Bancshares’s dividend payout ratio is currently 50.00%.

Huntington Bancshares Company 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.