Linden Thomas Advisory Services LLC Buys 3,190 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Linden Thomas Advisory Services LLC grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 101,372 shares of the bank’s stock after acquiring an additional 3,190 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Huntington Bancshares were worth $1,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HBAN. SG Americas Securities LLC increased its position in shares of Huntington Bancshares by 208.2% during the third quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock valued at $753,000 after buying an additional 48,913 shares during the period. DAVENPORT & Co LLC raised its stake in Huntington Bancshares by 5.9% in the third quarter. DAVENPORT & Co LLC now owns 252,970 shares of the bank’s stock valued at $2,631,000 after purchasing an additional 14,146 shares in the last quarter. Caprock Group LLC raised its stake in Huntington Bancshares by 51.0% in the third quarter. Caprock Group LLC now owns 25,311 shares of the bank’s stock valued at $268,000 after purchasing an additional 8,550 shares in the last quarter. Trinity Financial Advisors LLC raised its stake in Huntington Bancshares by 47.9% in the third quarter. Trinity Financial Advisors LLC now owns 55,655 shares of the bank’s stock valued at $579,000 after purchasing an additional 18,025 shares in the last quarter. Finally, Czech National Bank raised its stake in Huntington Bancshares by 48.1% in the third quarter. Czech National Bank now owns 253,060 shares of the bank’s stock valued at $2,632,000 after purchasing an additional 82,165 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Activity at Huntington Bancshares

In related news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the sale, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Insiders have sold a total of 102,241 shares of company stock worth $1,360,359 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HBAN. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Citigroup lifted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Morgan Stanley reissued an “overweight” rating and set a $16.00 price target on shares of Huntington Bancshares in a research note on Monday. Finally, Barclays raised shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.17.

Huntington Bancshares Stock Up 1.0 %

Shares of Huntington Bancshares stock opened at $13.76 on Thursday. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 2.51 and a beta of 1.11. The company’s 50 day moving average price is $13.33 and its 200-day moving average price is $12.22. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the previous year, the business posted $0.38 earnings per share. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.51%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.