Mather Group LLC. Increases Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mather Group LLC. increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,391 shares of the bank’s stock after buying an additional 837 shares during the period. Mather Group LLC.’s holdings in Huntington Bancshares were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HBAN. Wetzel Investment Advisors Inc. bought a new stake in shares of Huntington Bancshares in the fourth quarter worth $29,000. Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares in the 4th quarter worth approximately $33,000. Authentikos Wealth Advisory LLC bought a new position in Huntington Bancshares during the third quarter worth $35,000. Baker Avenue Asset Management LP increased its stake in Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after purchasing an additional 963 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at about $51,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $13.80 on Friday. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. The company has a 50-day moving average of $13.42 and a 200-day moving average of $12.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm posted $0.38 earnings per share. Analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.49%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent research reports. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and raised their target price for the company from $14.00 to $16.00 in a research note on Monday, April 8th. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $15.00 in a research report on Wednesday, February 14th. Royal Bank of Canada increased their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Insider Activity

In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the sale, the chief financial officer now directly owns 305,884 shares in the company, valued at approximately $4,178,375.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Rajeev Syal sold 11,627 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $13.67, for a total value of $158,941.09. Following the sale, the vice president now owns 329,607 shares in the company, valued at approximately $4,505,727.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the sale, the chief financial officer now owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,381 shares of company stock valued at $2,814,291. Insiders own 0.89% of the company’s stock.

About Huntington Bancshares

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 offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.