Gideon Capital Advisors Inc. Acquires New Position in Huntington Bancshares Incorporated (HBAN)

Gideon Capital Advisors Inc. acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,527 shares of the bank’s stock, valued at approximately $232,000.

Several other institutional investors also recently modified their holdings of HBAN. Comerica Bank increased its position in shares of Huntington Bancshares by 1.2% during the second quarter. Comerica Bank now owns 273,908 shares of the bank’s stock valued at $4,086,000 after acquiring an additional 3,336 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Huntington Bancshares by 2.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 168,502 shares of the bank’s stock valued at $2,487,000 after acquiring an additional 3,371 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Huntington Bancshares by 5.0% during the second quarter. CIBC World Markets Inc. now owns 74,787 shares of the bank’s stock valued at $1,104,000 after acquiring an additional 3,567 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Huntington Bancshares by 34.3% during the third quarter. WINTON GROUP Ltd now owns 14,376 shares of the bank’s stock valued at $214,000 after acquiring an additional 3,668 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Huntington Bancshares by 3.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 121,531 shares of the bank’s stock valued at $1,813,000 after acquiring an additional 3,810 shares during the last quarter. 76.42% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Helga Houston sold 42,608 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $14.66, for a total value of $624,633.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen H. Ransier sold 4,820 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $14.53, for a total value of $70,034.60. Following the completion of the transaction, the director now directly owns 113,712 shares of the company’s stock, valued at $1,652,235.36. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

NASDAQ:HBAN opened at $14.59 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.90 and a quick ratio of 0.89. Huntington Bancshares Incorporated has a 1 year low of $13.13 and a 1 year high of $16.60. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.82 and a beta of 1.26.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a return on equity of 13.73% and a net margin of 29.13%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Monday, December 17th. Huntington Bancshares’s dividend payout ratio is currently 57.14%.

A number of analysts recently commented on the company. Sandler O’Neill downgraded Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Thursday. They noted that the move was a valuation call. Raymond James increased their price target on Huntington Bancshares from $15.50 to $16.00 and gave the company an “outperform” rating in a research report on Friday, November 16th. Nomura reaffirmed a “neutral” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Tuesday, November 13th. ValuEngine raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. Finally, Wedbush downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $16.00 in a research report on Friday, November 2nd. Fourteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.92.

ILLEGAL ACTIVITY WARNING: “Gideon Capital Advisors Inc. Acquires New Position in Huntington Bancshares Incorporated (HBAN)” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2018/12/02/gideon-capital-advisors-inc-acquires-new-position-in-huntington-bancshares-incorporated-hban.html.

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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

Featured Article: Google Finance

Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN).

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

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit