Migdal Insurance & Financial Holdings Ltd. acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,420 shares of the bank’s stock, valued at approximately $234,000.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in Huntington Bancshares by 6.3% during the fourth quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock worth $879,523,000 after buying an additional 4,341,210 shares in the last quarter. Boston Partners lifted its position in Huntington Bancshares by 54.3% during the fourth quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock worth $589,451,000 after buying an additional 17,411,546 shares in the last quarter. Geode Capital Management LLC lifted its position in Huntington Bancshares by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 14,526,595 shares of the bank’s stock worth $172,863,000 after buying an additional 709,854 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Huntington Bancshares by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,117,471 shares of the bank’s stock worth $168,284,000 after buying an additional 1,714,381 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Huntington Bancshares by 12.3% during the fourth quarter. Bank of America Corp DE now owns 13,837,096 shares of the bank’s stock worth $164,938,000 after buying an additional 1,512,128 shares in the last quarter. Hedge funds and other institutional investors own 76.02% of the company’s stock.
HBAN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. ValuEngine downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, BidaskClub downgraded Huntington Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.10.
Shares of HBAN stock traded up $0.03 on Wednesday, hitting $13.11. The stock had a trading volume of 15,448,800 shares, compared to its average volume of 12,830,874. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $13.82 billion, a PE ratio of 10.93, a P/E/G ratio of 1.11 and a beta of 1.37. Huntington Bancshares Incorporated has a 1 year low of $11.12 and a 1 year high of $16.52.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 25th. The bank reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $0.28 EPS. Huntington Bancshares’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts predict that Huntington Bancshares Incorporated will post 1.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, June 14th. This represents a $0.56 annualized dividend and a yield of 4.27%. Huntington Bancshares’s payout ratio is 46.67%.
In other news, EVP Richard Remiker sold 18,386 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $14.02, for a total transaction of $257,771.72. Following the completion of the transaction, the executive vice president now directly owns 357,085 shares of the company’s stock, valued at approximately $5,006,331.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul G. Heller sold 33,772 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.08, for a total value of $441,737.76. Following the transaction, the executive vice president now directly owns 458,479 shares of the company’s stock, valued at $5,996,905.32. The disclosure for this sale can be found here. Insiders have sold a total of 72,158 shares of company stock valued at $978,909 over the last three months. 1.22% of the stock is currently owned by insiders.
Huntington Bancshares 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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