BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 105,915 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 61.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,804 shares of the bank’s stock after buying an additional 105,915 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Huntington Bancshares were worth $3,675,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HBAN. Lazard Asset Management LLC grew its position in shares of Huntington Bancshares by 251,152.2% in the 1st quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock valued at $2,417,000 after acquiring an additional 173,295 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Huntington Bancshares by 53.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock worth $22,577,000 after purchasing an additional 564,729 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Huntington Bancshares by 8.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 136,961 shares of the bank’s stock worth $1,911,000 after buying an additional 10,795 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Huntington Bancshares by 39.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock valued at $83,124,000 after buying an additional 1,838,019 shares during the period. Finally, KBC Group NV lifted its position in shares of Huntington Bancshares by 715.0% in the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after buying an additional 3,729,974 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 0.5 %

HBAN stock opened at $14.64 on Friday. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24. The business has a 50-day simple moving average of $14.39 and a 200 day simple moving average of $13.77. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a market cap of $21.26 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 3.07 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter in the prior year, the firm posted $0.35 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.23%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Insider Buying and Selling

In other news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the completion of the transaction, the insider now owns 65,899 shares of the company’s stock, valued at $987,167.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kendall A. Kowalski sold 5,747 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the completion of the transaction, the insider now directly owns 65,899 shares in the company, valued at $987,167.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock worth $1,762,904 in the last ninety days. 0.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of research analyst reports. Citigroup increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Argus raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods reduced their target price on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Evercore ISI lowered their price target on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, Royal Bank of Canada boosted their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.59.

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.