283,374 Shares in Huntington Bancshares Incorporated $HBAN Acquired by Altrius Capital Management Inc

Altrius Capital Management Inc bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 283,374 shares of the bank’s stock, valued at approximately $4,894,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its position in shares of Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after purchasing an additional 35,014 shares during the period. FineMark National Bank & Trust raised its holdings in Huntington Bancshares by 59.2% during the 2nd quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after buying an additional 65,144 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Huntington Bancshares during the third quarter valued at about $3,746,000. Commerzbank Aktiengesellschaft FI lifted its stake in Huntington Bancshares by 43.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after buying an additional 28,739 shares in the last quarter. Finally, Shoker Investment Counsel Inc. boosted its holdings in shares of Huntington Bancshares by 1,706.3% in the second quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after buying an additional 189,462 shares during the period. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

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

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $19.02 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $19.19. The business’s 50-day moving average price is $17.60 and its two-hundred day moving average price is $16.92. The company has a market capitalization of $29.95 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.3%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson restated a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Zacks Research lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Keefe, Bruyette & Woods lowered their price target on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday, January 23rd. National Bankshares set a $21.00 price objective on Huntington Bancshares in a research note on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.48.

Huntington Bancshares 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.