Huntington Bancshares Incorporated $HBAN Shares Acquired by Danske Bank A S

Danske Bank A S lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,431,055 shares of the bank’s stock after purchasing an additional 111,949 shares during the quarter. Danske Bank A S’s holdings in Huntington Bancshares were worth $24,829,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HBAN. Empowered Funds LLC lifted its position in shares of Huntington Bancshares by 5.0% during the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after purchasing an additional 1,366 shares in the last quarter. Woodline Partners LP lifted its position in shares of Huntington Bancshares by 40.8% during the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after purchasing an additional 35,574 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Huntington Bancshares by 8.3% during the second quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock worth $662,000 after purchasing an additional 3,023 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Huntington Bancshares by 6.2% during the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock worth $3,674,000 after purchasing an additional 12,865 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Huntington Bancshares by 6.2% during the second quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock worth $11,859,000 after purchasing an additional 41,156 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Down 0.8%

Shares of NASDAQ:HBAN opened at $16.63 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 12-month low of $14.78 and a 12-month high of $19.45. The company has a fifty day simple moving average of $16.23 and a 200 day simple moving average of $16.73. The firm has a market cap of $33.87 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 annualized dividend and a yield of 3.7%. Huntington Bancshares’s payout ratio is presently 47.69%.

Insider Activity

In other Huntington Bancshares news, VP Scott D. Kleinman sold 65,530 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the completion of the sale, the vice president owned 481,676 shares in the company, valued at $7,360,009.28. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James D. Rollins III bought 3,029 shares of the stock in a transaction on Tuesday, April 28th. The shares were acquired at an average price of $21.05 per share, with a total value of $63,760.45. Following the purchase, the director owned 9,500 shares of the company’s stock, valued at $199,975. The trade was a 46.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 39,200 shares of company stock valued at $756,724 and have sold 98,986 shares valued at $1,600,958. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HBAN. National Bank Financial set a $21.00 target price on shares of Huntington Bancshares in a research report on Wednesday, February 4th. The Goldman Sachs Group dropped their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Raymond James Financial lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 23rd. DA Davidson dropped their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Evercore dropped their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.05.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.