CWM LLC boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,439 shares of the bank’s stock after purchasing an additional 1,116 shares during the quarter. CWM LLC’s holdings in Huntington Bancshares were worth $234,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Financial Gravity Companies Inc. bought a new stake in Huntington Bancshares during the fourth quarter valued at about $25,000. JOYN Advisors Inc. boosted its position in Huntington Bancshares by 207.5% during the fourth quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,403 shares in the last quarter. FTB Advisors Inc. boosted its position in Huntington Bancshares by 1,100.5% during the fourth quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock valued at $28,000 after purchasing an additional 2,201 shares in the last quarter. We Are One Seven LLC bought a new stake in Huntington Bancshares during the fourth quarter valued at about $29,000. Finally, Transamerica Financial Advisors Inc. boosted its position in Huntington Bancshares by 562.0% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 2,721 shares of the bank’s stock valued at $33,000 after purchasing an additional 2,310 shares in the last quarter. Institutional investors and hedge funds own 77.97% of the company’s stock.
Shares of NASDAQ:HBAN traded down $0.12 during trading on Wednesday, hitting $13.33. The stock had a trading volume of 7,150,124 shares, compared to its average volume of 12,885,891. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.92. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.11 and a beta of 1.37. Huntington Bancshares Incorporated has a 12-month low of $11.12 and a 12-month high of $16.52.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. Huntington Bancshares’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio is currently 46.67%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Vining Sparks reissued a “buy” rating and issued a $18.00 price target on shares of Huntington Bancshares in a report on Thursday, January 24th. BidaskClub downgraded Huntington Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Finally, Jefferies Financial Group downgraded Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Huntington Bancshares presently has an average rating of “Hold” and a consensus target price of $16.10.
In other news, Director Kathleen H. Ransier sold 3,067 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total value of $43,858.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen D. Steinour acquired 18,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average price of $13.33 per share, with a total value of $239,940.00. Following the completion of the transaction, the chief executive officer now directly owns 5,142,348 shares of the company’s stock, valued at $68,547,498.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 75,225 shares of company stock valued at $1,022,768. 1.22% of the stock is owned by company insiders.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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