Amalgamated Bank increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 171,853 shares of the bank’s stock after buying an additional 4,324 shares during the period. Amalgamated Bank’s holdings in Huntington Bancshares were worth $2,301,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in HBAN. Capital International Inc. CA bought a new stake in Huntington Bancshares during the fourth quarter worth $377,000. Guggenheim Capital LLC boosted its position in shares of Huntington Bancshares by 8.0% in the fourth quarter. Guggenheim Capital LLC now owns 3,719,852 shares of the bank’s stock worth $49,176,000 after buying an additional 274,894 shares during the last quarter. Ellington Management Group LLC acquired a new position in shares of Huntington Bancshares during the fourth quarter worth approximately $156,000. Ancora Advisors LLC boosted its position in shares of Huntington Bancshares by 4.0% in the fourth quarter. Ancora Advisors LLC now owns 45,046 shares of the bank’s stock worth $595,000 after buying an additional 1,744 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Huntington Bancshares during the fourth quarter worth approximately $714,000. 75.71% of the stock is currently owned by institutional investors.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded down 0.966% during midday trading on Friday, hitting $12.815. 4,628,764 shares of the company’s stock traded hands. The company has a 50 day moving average of $12.91 and a 200 day moving average of $13.31. Huntington Bancshares Incorporated has a 52 week low of $8.05 and a 52 week high of $14.74. The stock has a market cap of $13.93 billion, a P/E ratio of 19.013 and a beta of 1.34.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, April 19th. The bank reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Huntington Bancshares had a net margin of 17.54% and a return on equity of 11.07%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned $0.20 EPS. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. On average, equities analysts forecast that Huntington Bancshares Incorporated will post $0.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 19th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.32 annualized dividend and a yield of 2.47%. Huntington Bancshares’s dividend payout ratio is currently 49.23%.
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A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods set a $14.00 target price on shares of Huntington Bancshares and gave the company a “hold” rating in a report on Monday, April 3rd. Jefferies Group LLC raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.00 to $16.00 in a report on Monday, April 3rd. BidaskClub raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. DA Davidson assumed coverage on shares of Huntington Bancshares in a report on Thursday, March 23rd. They issued a “buy” rating and a $16.50 target price on the stock. Finally, Zacks Investment Research cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus target price of $14.09.
In other news, EVP Andrew J. Harmening bought 15,490 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average price of $12.92 per share, with a total value of $200,130.80. Following the completion of the purchase, the executive vice president now directly owns 35,543 shares of the company’s stock, valued at approximately $459,215.56. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen D. Steinour bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average cost of $12.40 per share, with a total value of $620,000.00. Following the purchase, the chief executive officer now directly owns 3,891,831 shares of the company’s stock, valued at $48,258,704.40. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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