Summit X LLC bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, HoldingsChannel.com reports. The firm bought 19,446 shares of the bank’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stelac Advisory Services LLC bought a new position in Huntington Bancshares during the 1st quarter valued at $131,000. IHT Wealth Management LLC lifted its stake in Huntington Bancshares by 164.4% during the 1st quarter. IHT Wealth Management LLC now owns 9,421 shares of the bank’s stock valued at $138,000 after acquiring an additional 5,858 shares in the last quarter. Institutional & Family Asset Management LLC bought a new position in Huntington Bancshares during the 1st quarter valued at $140,000. Dupont Capital Management Corp lifted its stake in Huntington Bancshares by 79.3% during the 2nd quarter. Dupont Capital Management Corp now owns 9,657 shares of the bank’s stock valued at $143,000 after acquiring an additional 4,270 shares in the last quarter. Finally, GAM Holding AG bought a new position in Huntington Bancshares during the 2nd quarter valued at $154,000. Institutional investors own 73.75% of the company’s stock.

In other news, CFO Howell D. Mccullough III sold 68,777 shares of Huntington Bancshares stock in a transaction on Friday, August 24th. The stock was sold at an average price of $16.17, for a total transaction of $1,112,124.09. Following the sale, the chief financial officer now directly owns 720,413 shares in the company, valued at approximately $11,649,078.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Remiker sold 5,254 shares of Huntington Bancshares stock in a transaction on Monday, July 30th. The stock was sold at an average price of $15.55, for a total value of $81,699.70. Following the sale, the executive vice president now owns 321,462 shares in the company, valued at $4,998,734.10. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Several equities analysts have weighed in on HBAN shares. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 17th. Piper Jaffray Companies restated a “buy” rating and set a $16.50 price objective on shares of Huntington Bancshares in a research note on Thursday, July 26th. Jefferies Financial Group raised their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Finally, Morgan Stanley restated a “hold” rating and set a $17.50 price objective (down from $17.75) on shares of Huntington Bancshares in a research note on Tuesday, September 18th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.25.

NASDAQ HBAN opened at $15.77 on Tuesday. The firm has a market cap of $17.61 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.88 and a beta of 1.33. Huntington Bancshares Incorporated has a one year low of $13.04 and a one year high of $16.60. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, July 25th. The bank reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Huntington Bancshares had a return on equity of 12.93% and a net margin of 27.90%. During the same period in the previous year, the business posted $0.26 EPS. sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, September 14th. Huntington Bancshares’s payout ratio is presently 57.14%.

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

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