Texas Capital Bank Wealth Management Services Inc Makes New $1.02 Million Investment in Huntington Bancshares Incorporated $HBAN

Texas Capital Bank Wealth Management Services Inc bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 58,722 shares of the bank’s stock, valued at approximately $1,019,000.

Other institutional investors have also added to or reduced their stakes in the company. Altrius Capital Management Inc purchased a new stake in Huntington Bancshares in the third quarter worth approximately $4,894,000. Midwest Trust Co boosted its stake in Huntington Bancshares by 12.7% in 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. Vanguard Group Inc. boosted its holdings in Huntington Bancshares by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock valued at $3,056,459,000 after acquiring an additional 680,601 shares during the period. JPMorgan Chase & Co. boosted its holdings in Huntington Bancshares by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock valued at $159,543,000 after acquiring an additional 314,544 shares during the period. Finally, Fieldview Capital Management LLC boosted its holdings in Huntington Bancshares by 15.9% during the 3rd quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after acquiring an additional 65,828 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several analyst reports. Jefferies Financial Group increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada dropped their target price on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. DA Davidson dropped their target price on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 16th. National Bank Financial set a $21.00 target price on Huntington Bancshares in a report on Wednesday, February 4th. Finally, Evercore dropped their target price on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $20.05.

Huntington Bancshares Trading Up 0.6%

NASDAQ HBAN opened at $16.12 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. 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 stock has a 50 day simple moving average of $16.02 and a two-hundred day simple moving average of $16.77. The stock has a market cap of $32.68 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is currently 47.69%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III bought 8,471 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of $18.01 per share, for a total transaction of $152,562.71. Following the completion of the acquisition, the director directly owned 11,500 shares in the company, valued at $207,115. The trade was a 279.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Prashant Nateri sold 10,171 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $15.50, for a total value of $157,650.50. Following the transaction, the insider owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders acquired a total of 18,127 shares of company stock worth $343,888 over the last quarter. 0.67% of the stock is owned by corporate insiders.

About Huntington Bancshares

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.