Huntington Bancshares Incorporated $HBAN Shares Bought by Andra AP fonden

Andra AP fonden boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 270,900 shares of the bank’s stock after buying an additional 40,900 shares during the period. Andra AP fonden’s holdings in Huntington Bancshares were worth $4,540,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Huntington Bancshares by 26.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after purchasing an additional 35,014 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after purchasing an additional 28,739 shares during the last quarter. Shell Asset Management Co. boosted its position in Huntington Bancshares by 58.7% during the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock worth $3,362,000 after purchasing an additional 74,220 shares during the period. Czech National Bank raised its holdings in Huntington Bancshares by 6.6% in the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after acquiring an additional 22,190 shares during the period. Finally, Trinity Financial Advisors LLC lifted its position in shares of Huntington Bancshares by 1,497.1% during the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock worth $4,853,000 after purchasing an additional 268,933 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 1.8%

Shares of HBAN stock opened at $15.69 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average price is $16.66 and its two-hundred day moving average price is $16.35. The firm has a market capitalization of $22.90 billion, a P/E ratio of 10.97, a PEG ratio of 0.66 and a beta of 1.01. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s payout ratio is presently 43.36%.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Citigroup lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Stephens boosted their target price on Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $19.66.

Insider Buying and Selling

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Inglis purchased 6,506 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the transaction, the director directly owned 89,831 shares of the company’s stock, valued at $1,374,414.30. This trade represents a 7.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares 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.