Raleigh Capital Management Inc. Has $1.73 Million Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Raleigh Capital Management Inc. grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 154,466 shares of the bank’s stock after acquiring an additional 8,487 shares during the period. Raleigh Capital Management Inc.’s holdings in Huntington Bancshares were worth $1,730,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Arete Wealth Advisors LLC acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at $259,000. JPMorgan Chase & Co. increased its position in shares of Huntington Bancshares by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,327,949 shares of the bank’s stock worth $350,873,000 after purchasing an additional 232,098 shares in the last quarter. Harvest Portfolios Group Inc. increased its position in shares of Huntington Bancshares by 29.1% during the 1st quarter. Harvest Portfolios Group Inc. now owns 358,722 shares of the bank’s stock worth $4,018,000 after purchasing an additional 80,824 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Huntington Bancshares by 723.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 261,613 shares of the bank’s stock worth $2,936,000 after purchasing an additional 229,840 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its position in shares of Huntington Bancshares by 1.1% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 838,598 shares of the bank’s stock worth $9,392,000 after purchasing an additional 8,798 shares in the last quarter. Institutional investors and hedge funds own 78.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HBAN shares. JPMorgan Chase & Co. upgraded shares of Huntington Bancshares from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, July 25th. DA Davidson increased their target price on shares of Huntington Bancshares from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, July 24th. StockNews.com started coverage on shares of Huntington Bancshares in a research report on Thursday, August 17th. They set a “sell” rating for the company. Raymond James increased their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. Finally, Barclays decreased their price objective on shares of Huntington Bancshares from $14.00 to $13.00 in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Hold” and a consensus price target of $13.13.

Huntington Bancshares Trading Up 0.5 %

HBAN opened at $11.01 on Wednesday. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $15.74. The firm has a 50-day moving average price of $11.42 and a two-hundred day moving average price of $11.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $15.94 billion, a PE ratio of 7.06, a PEG ratio of 5.93 and a beta of 1.08.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Huntington Bancshares had a net margin of 24.74% and a return on equity of 15.20%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $0.36 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.38 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 Monday, October 2nd. Stockholders of record on Monday, September 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Friday, September 15th. Huntington Bancshares’s dividend payout ratio is 40.00%.

Insider Transactions at Huntington Bancshares

In other news, insider Helga Houston sold 12,280 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $11.97, for a total transaction of $146,991.60. Following the completion of the sale, the insider now owns 594,564 shares in the company, valued at approximately $7,116,931.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Helga Houston sold 12,280 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $11.97, for a total transaction of $146,991.60. Following the completion of the transaction, the insider now owns 594,564 shares in the company, valued at $7,116,931.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul G. Heller sold 23,817 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $11.89, for a total transaction of $283,184.13. Following the transaction, the executive vice president now owns 505,910 shares of the company’s stock, valued at approximately $6,015,269.90. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate 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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).