Slagle Financial LLC Boosts Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Slagle Financial LLC boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 75.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,776 shares of the bank’s stock after purchasing an additional 9,803 shares during the quarter. Slagle Financial LLC’s holdings in Huntington Bancshares were worth $290,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its holdings in shares of Huntington Bancshares by 5.8% in the 4th quarter. Mather Group LLC. now owns 15,391 shares of the bank’s stock valued at $196,000 after acquiring an additional 837 shares during the last quarter. Financial Advocates Investment Management lifted its stake in shares of Huntington Bancshares by 5.9% in the 4th quarter. Financial Advocates Investment Management now owns 15,325 shares of the bank’s stock valued at $195,000 after purchasing an additional 856 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Huntington Bancshares by 12.0% in the 4th quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after purchasing an additional 904 shares during the period. Hexagon Capital Partners LLC increased its position in shares of Huntington Bancshares by 23.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 5,021 shares of the bank’s stock valued at $64,000 after purchasing an additional 949 shares during the last quarter. Finally, Baker Avenue Asset Management LP raised its holdings in Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after buying an additional 963 shares during the period. Institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HBAN shares. JPMorgan Chase & Co. cut their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $16.00 target price on shares of Huntington Bancshares in a research note on Tuesday, June 11th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $15.00 price target on shares of Huntington Bancshares in a research note on Tuesday, June 11th. Finally, StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.13.

Huntington Bancshares Stock Up 0.2 %

Shares of HBAN stock traded up $0.03 during mid-day trading on Friday, hitting $12.37. 27,766,964 shares of the stock traded hands, compared to its average volume of 14,806,422. Huntington Bancshares Incorporated has a 52-week low of $9.25 and a 52-week high of $14.30. The stock’s fifty day moving average is $13.57 and its two-hundred day moving average is $13.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $17.93 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.29 and a beta of 1.08.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the prior year, the firm earned $0.38 EPS. Equities analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm 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. The ex-dividend date is Monday, June 17th. This represents a $0.62 annualized dividend and a yield of 5.01%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 7,278 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the sale, the insider now directly owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Kendall A. Kowalski sold 15,711 shares of Huntington Bancshares stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $13.84, for a total value of $217,440.24. Following the completion of the transaction, the insider now owns 65,195 shares in the company, valued at approximately $902,298.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 7,278 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the sale, the insider now owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,829 shares of company stock valued at $2,148,623. 0.89% of the stock is owned by insiders.

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.