New Hampshire Trust Increases Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

New Hampshire Trust raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,496 shares of the bank’s stock after purchasing an additional 1,282 shares during the quarter. New Hampshire Trust’s holdings in Huntington Bancshares were worth $404,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HBAN. American Century Companies Inc. grew its stake in Huntington Bancshares by 11.8% during the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock valued at $2,765,000 after purchasing an additional 19,959 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Huntington Bancshares in the first quarter worth about $315,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Huntington Bancshares by 309.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after acquiring an additional 7,558 shares during the period. Panagora Asset Management Inc. raised its position in Huntington Bancshares by 40.9% during the first quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock valued at $1,526,000 after acquiring an additional 30,296 shares in the last quarter. Finally, Aviva PLC lifted its holdings in Huntington Bancshares by 58.2% in the first quarter. Aviva PLC now owns 798,754 shares of the bank’s stock valued at $11,678,000 after acquiring an additional 293,944 shares during the period. Hedge funds and other institutional investors own 78.68% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN stock remained flat at $10.70 during trading hours on Friday. The stock had a trading volume of 23,889,617 shares, compared to its average volume of 16,252,731. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a 50-day simple moving average of $11.42 and a two-hundred day simple moving average of $11.20. The firm has a market cap of $15.49 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 5.91 and a beta of 1.08. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $15.74.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $1.84 billion. Huntington Bancshares had a return on equity of 15.20% and a net margin of 24.74%. During the same period in the prior year, the business earned $0.36 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.38 EPS for the current year.

Huntington Bancshares Announces Dividend

The business 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 $0.155 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.79%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In related news, EVP Paul G. Heller sold 23,817 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $11.89, for a total value of $283,184.13. Following the completion of the transaction, the executive vice president now directly owns 505,910 shares in the company, valued at $6,015,269.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Paul G. Heller sold 23,817 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $11.89, for a total value of $283,184.13. Following the completion of the transaction, the executive vice president now directly owns 505,910 shares in the company, valued at $6,015,269.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 12,280 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $11.97, for a total value of $146,991.60. Following the transaction, the insider now owns 594,564 shares in the company, valued at $7,116,931.08. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the subject of several recent research reports. Barclays cut their target price on shares of Huntington Bancshares from $14.00 to $13.00 in a report on Tuesday, June 27th. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 target price on shares of Huntington Bancshares in a research note on Monday, July 24th. The Goldman Sachs Group raised their target price on Huntington Bancshares from $12.00 to $13.50 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Raymond James upped their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a report on Monday, July 24th. Finally, Stephens upped their price target on Huntington Bancshares from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.13.

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).