Benjamin F. Edwards & Company Inc. Raises Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 125.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,978 shares of the bank’s stock after buying an additional 37,828 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Huntington Bancshares were worth $865,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Wetzel Investment Advisors Inc. bought a new position in Huntington Bancshares during the fourth quarter valued at $29,000. Planned Solutions Inc. bought a new position in Huntington Bancshares during the 4th quarter valued at about $33,000. Authentikos Wealth Advisory LLC purchased a new stake in Huntington Bancshares in the 3rd quarter worth about $35,000. Baker Avenue Asset Management LP lifted its stake in Huntington Bancshares by 31.8% in the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after purchasing an additional 963 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Huntington Bancshares during the third quarter valued at approximately $51,000. Institutional investors own 80.72% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kendall A. Kowalski sold 15,711 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $13.84, for a total transaction of $217,440.24. Following the completion of the sale, the insider now owns 65,195 shares in the company, valued at approximately $902,298.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 15,711 shares of Huntington Bancshares stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $13.84, for a total transaction of $217,440.24. Following the sale, the insider now owns 65,195 shares of the company’s stock, valued at $902,298.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 224,092 shares of company stock valued at $3,031,731. 0.92% of the stock is currently owned by insiders.

Huntington Bancshares Trading Down 0.5 %

Shares of NASDAQ:HBAN opened at $13.85 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $20.07 billion, a PE ratio of 12.48, a P/E/G ratio of 2.55 and a beta of 1.09. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $14.07. The business’s fifty day simple moving average is $13.48 and its 200-day simple moving average is $12.46.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a yield of 4.48%. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HBAN. Morgan Stanley reiterated an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a report on Monday, April 22nd. Evercore ISI lifted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. Stephens reissued an “equal weight” rating and issued a $15.00 price objective on shares of Huntington Bancshares in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

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.