State of Wisconsin Investment Board Has $47.22 Million Position in Huntington Bancshares Incorporated (HBAN)
State of Wisconsin Investment Board increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,382,650 shares of the bank’s stock after buying an additional 60,391 shares during the period. State of Wisconsin Investment Board owned 0.31% of Huntington Bancshares worth $47,222,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Nationwide Fund Advisors increased its stake in Huntington Bancshares by 430.6% in the second quarter. Nationwide Fund Advisors now owns 1,620,866 shares of the bank’s stock valued at $21,914,000 after purchasing an additional 1,315,390 shares in the last quarter. Budros Ruhlin & Roe Inc. increased its stake in Huntington Bancshares by 57.9% in the second quarter. Budros Ruhlin & Roe Inc. now owns 42,263 shares of the bank’s stock valued at $571,000 after purchasing an additional 15,501 shares in the last quarter. First National Bank of Omaha increased its stake in Huntington Bancshares by 0.6% in the second quarter. First National Bank of Omaha now owns 312,098 shares of the bank’s stock valued at $4,219,000 after purchasing an additional 1,844 shares in the last quarter. IBM Retirement Fund increased its stake in Huntington Bancshares by 121.4% in the second quarter. IBM Retirement Fund now owns 26,505 shares of the bank’s stock valued at $401,000 after purchasing an additional 14,533 shares in the last quarter. Finally, Exchange Capital Management Inc. increased its stake in Huntington Bancshares by 96.4% in the second quarter. Exchange Capital Management Inc. now owns 66,824 shares of the bank’s stock valued at $903,000 after purchasing an additional 32,792 shares in the last quarter. 74.69% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on HBAN shares. FBR & Co reaffirmed a “hold” rating and issued a $14.00 price target on shares of Huntington Bancshares in a research note on Thursday, October 26th. BidaskClub downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Nomura lifted their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Instinet reaffirmed a “buy” rating and issued a $16.00 price target (up from $15.00) on shares of Huntington Bancshares in a research note on Wednesday, July 12th. Finally, BMO Capital Markets downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price target for the company. in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.22.
Huntington Bancshares Incorporated (HBAN) remained flat at $$13.78 during trading on Tuesday. The stock has a market cap of $14,900.00, a P/E ratio of 14.35, a PEG ratio of 1.57 and a beta of 1.34. Huntington Bancshares Incorporated has a fifty-two week low of $10.13 and a fifty-two week high of $14.74. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same period in the previous year, the business posted $0.11 EPS. research analysts anticipate that Huntington Bancshares Incorporated will post 0.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a dividend of $0.11 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.19%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 38.55%.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total transaction of $199,844.01. Following the transaction, the insider now directly owns 499,824 shares in the company, valued at $6,882,576.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the transaction, the executive vice president now owns 427,270 shares in the company, valued at $5,930,507.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,004 shares of company stock valued at $1,006,859. Insiders own 1.30% of the company’s stock.
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Huntington Bancshares 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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