Dynamic Technology Lab Private Ltd lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 42.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,116 shares of the bank’s stock after buying an additional 22,267 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Huntington Bancshares were worth $1,135,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of HBAN. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $45,268,000. JPMorgan Chase & Co. raised its stake in shares of Huntington Bancshares by 13.0% during the 1st quarter. JPMorgan Chase & Co. now owns 26,831,872 shares of the bank’s stock worth $405,162,000 after buying an additional 3,090,241 shares in the last quarter. FIL Ltd raised its stake in shares of Huntington Bancshares by 291.4% during the 1st quarter. FIL Ltd now owns 3,519,656 shares of the bank’s stock worth $53,147,000 after buying an additional 2,620,407 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Huntington Bancshares by 123.8% during the 4th quarter. Deutsche Bank AG now owns 3,140,256 shares of the bank’s stock worth $45,718,000 after buying an additional 1,737,095 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Huntington Bancshares by 487.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,244 shares of the bank’s stock worth $30,259,000 after buying an additional 1,724,300 shares in the last quarter. 74.40% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on HBAN shares. BidaskClub raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. ValuEngine raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, February 27th. Zacks Investment Research raised Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Friday, April 6th. Finally, UBS Group began coverage on Huntington Bancshares in a research note on Wednesday, March 21st. They issued a “buy” rating and a $20.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $16.98.
Shares of NASDAQ:HBAN opened at $15.35 on Monday. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $12.14 and a one year high of $16.60.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Tuesday, April 24th. The bank reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a return on equity of 12.64% and a net margin of 26.97%. Huntington Bancshares’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 18th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Friday, June 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.90%.
In other Huntington Bancshares news, EVP Nancy E. Maloney sold 1,958 shares of the stock in a transaction on Friday, May 4th. The stock was sold at an average price of $14.54, for a total transaction of $28,469.32. Following the sale, the executive vice president now owns 79,646 shares in the company, valued at approximately $1,158,052.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul G. Heller sold 28,251 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $15.28, for a total value of $431,675.28. Following the sale, the executive vice president now owns 463,412 shares in the company, valued at approximately $7,080,935.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,387 shares of company stock worth $1,774,808. 1.05% of the stock is 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's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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