Huntington Bancshares Incorporated $HBAN Shares Acquired by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,427 shares of the bank’s stock after acquiring an additional 45,343 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Huntington Bancshares were worth $4,774,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of Huntington Bancshares by 0.9% during the third quarter. Quadrant Capital Group LLC now owns 108,114 shares of the bank’s stock worth $1,867,000 after purchasing an additional 1,005 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $373,000. Fieldview Capital Management LLC lifted its holdings in shares of Huntington Bancshares by 15.9% in the 3rd quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after purchasing an additional 65,828 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Huntington Bancshares by 3.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,454,537 shares of the bank’s stock valued at $25,129,000 after purchasing an additional 41,874 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in Huntington Bancshares by 1.2% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 489,930 shares of the bank’s stock worth $8,461,000 after buying an additional 5,761 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, Director Gary Torgow acquired 14,200 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of $17.81 per share, for a total transaction of $252,902.00. Following the completion of the purchase, the director directly owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. This trade represents a 1.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James D. Rollins III bought 1,127 shares of the stock in a transaction on Monday, March 9th. The shares were bought at an average price of $25.39 per share, for a total transaction of $28,614.53. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $101,560. This trade represents a 39.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 27,700 shares of company stock valued at $540,401 and have sold 50,145 shares valued at $929,885. 0.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on HBAN. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 6th. Evercore started coverage on shares of Huntington Bancshares in a research report on Tuesday, February 3rd. They set an “outperform” rating and a $21.00 target price on the stock. Jefferies Financial Group cut their target price on shares of Huntington Bancshares from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Morgan Stanley increased their price target on shares of Huntington Bancshares from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.78.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.99 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $17.64 and a 200-day simple moving average of $17.07. The company has a market cap of $32.46 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period in the prior year, the company earned $0.34 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business 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 $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

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.