Bremer Bank National Association purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the first quarter, HoldingsChannel reports. The fund purchased 3,841 shares of the bank’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HBAN. Financial Gravity Companies Inc. bought a new position in shares of Huntington Bancshares during the 4th quarter worth about $25,000. Brand Asset Management Group Inc. boosted its position in shares of Huntington Bancshares by 300.0% during the 1st quarter. Brand Asset Management Group Inc. now owns 2,000 shares of the bank’s stock worth $59,000 after purchasing an additional 1,500 shares in the last quarter. JOYN Advisors Inc. boosted its position in shares of Huntington Bancshares by 207.5% during the 4th quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock worth $25,000 after purchasing an additional 1,403 shares in the last quarter. FTB Advisors Inc. boosted its position in shares of Huntington Bancshares by 1,100.5% during the 4th quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock worth $28,000 after purchasing an additional 2,201 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Huntington Bancshares during the 4th quarter worth about $29,000. 75.97% of the stock is currently owned by institutional investors and hedge funds.

HBAN opened at $12.65 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $16.52. The stock has a market capitalization of $13.24 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.43%. Huntington Bancshares’s dividend payout ratio is presently 46.67%.

In related news, EVP Paul G. Heller sold 33,772 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.08, for a total value of $441,737.76. Following the sale, the executive vice president now owns 458,479 shares in the company, valued at approximately $5,996,905.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen D. Steinour bought 18,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $13.33 per share, for a total transaction of $239,940.00. Following the acquisition, the chief executive officer now directly owns 5,142,348 shares in the company, valued at $68,547,498.84. The disclosure for this purchase can be found here. Insiders sold a total of 72,158 shares of company stock worth $978,909 in the last 90 days. 1.22% of the stock is currently owned by company insiders.

HBAN has been the topic of a number of research analyst reports. BidaskClub cut shares of Huntington Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Finally, Argus initiated coverage on shares of Huntington Bancshares in a research report on Friday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Huntington Bancshares has an average rating of “Hold” and a consensus price target of $16.10.

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About Huntington Bancshares

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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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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