Huntington Bancshares Incorporated $HBAN Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,960 shares of the bank’s stock after purchasing an additional 30,074 shares during the period. D.A. Davidson & CO.’s holdings in Huntington Bancshares were worth $2,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Huntington Bancshares during the 2nd quarter valued at approximately $374,474,000. Fisher Asset Management LLC raised its holdings in Huntington Bancshares by 1,700.0% during the second quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock worth $56,164,000 after purchasing an additional 3,164,915 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in Huntington Bancshares by 14,950.0% during the second quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock worth $50,359,000 after purchasing an additional 2,984,764 shares in the last quarter. Boston Partners grew its holdings in Huntington Bancshares by 4.8% in the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after purchasing an additional 2,776,429 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Huntington Bancshares by 1.3% in the second quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock valued at $2,954,792,000 after purchasing an additional 2,343,244 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HBAN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Citigroup raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Morgan Stanley upped their target price on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Stephens raised their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.03.

Insider Activity at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 2,481 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the transaction, the insider directly owned 71,566 shares of the company’s stock, valued at approximately $1,273,874.80. The trade was a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Amit Dhingra sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $18.50, for a total transaction of $185,000.00. Following the completion of the sale, the insider directly owned 155,634 shares of the company’s stock, valued at $2,879,229. This trade represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 97,863 shares of company stock valued at $1,581,634 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 1.2%

NASDAQ HBAN opened at $18.24 on Friday. The firm has a market capitalization of $26.62 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.62. The company’s 50 day moving average price is $16.82 and its 200 day moving average price is $16.82.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $580.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Thursday, December 18th. Huntington Bancshares’s payout ratio is currently 43.36%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.