Burford Brothers Inc. Acquires Shares of 42,250 Huntington Bancshares Incorporated $HBAN

Burford Brothers Inc. acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,250 shares of the bank’s stock, valued at approximately $733,000.

Several other institutional investors and hedge funds have also bought and sold shares of HBAN. Altrius Capital Management Inc purchased a new stake in Huntington Bancshares during the third quarter worth $4,894,000. Vanguard Group Inc. boosted its holdings in Huntington Bancshares by 0.4% during the third quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock worth $3,056,459,000 after buying an additional 680,601 shares in the last quarter. Midwest Trust Co boosted its holdings in Huntington Bancshares by 12.7% during the third quarter. Midwest Trust Co now owns 1,510,977 shares of the bank’s stock worth $26,095,000 after buying an additional 170,240 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Huntington Bancshares by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock worth $159,543,000 after buying an additional 314,544 shares in the last quarter. Finally, Fieldview Capital Management LLC boosted its holdings in Huntington Bancshares by 15.9% during the third quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock worth $8,270,000 after buying an additional 65,828 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on HBAN. Royal Bank Of Canada lowered their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Argus increased their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods reduced their price objective on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group reduced their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.05.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Prashant Nateri sold 10,171 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $15.50, for a total value of $157,650.50. Following the completion of the sale, the insider directly owned 83,819 shares in the company, valued at $1,299,194.50. This represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Torgow bought 14,200 shares of Huntington Bancshares stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $17.81 per share, with a total value of $252,902.00. Following the completion of the transaction, the director directly owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. The trade was a 1.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 39,200 shares of company stock valued at $756,724 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $15.41 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The company has a fifty day moving average of $16.01 and a two-hundred day moving average of $16.73. The stock has a market capitalization of $31.24 billion, a PE ratio of 11.85, a P/E/G ratio of 0.71 and a beta of 0.96. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.62 earnings per share 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. Stockholders of record on Wednesday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is 47.69%.

Huntington Bancshares 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.