RB Capital Management LLC Has $987,000 Holdings in Huntington Bancshares Incorporated (HBAN)

RB Capital Management LLC cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,176 shares of the bank’s stock after selling 9,449 shares during the quarter. RB Capital Management LLC’s holdings in Huntington Bancshares were worth $987,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HBAN. Conning Inc. raised its holdings in shares of Huntington Bancshares by 6,415.4% in the 3rd quarter. Conning Inc. now owns 2,265,666 shares of the bank’s stock valued at $33,804,000 after purchasing an additional 2,230,892 shares during the period. Stelliam Investment Management LP bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $32,620,000. Janus Henderson Group PLC raised its holdings in shares of Huntington Bancshares by 437.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,572,833 shares of the bank’s stock valued at $37,976,000 after purchasing an additional 2,093,922 shares during the period. LSV Asset Management raised its holdings in shares of Huntington Bancshares by 45,997.9% in the 2nd quarter. LSV Asset Management now owns 1,705,623 shares of the bank’s stock valued at $25,174,000 after purchasing an additional 1,701,923 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $25,096,000. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

In other Huntington Bancshares news, CEO Stephen D. Steinour bought 17,493 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were purchased at an average price of $13.48 per share, for a total transaction of $235,805.64. Following the transaction, the chief executive officer now directly owns 4,768,399 shares in the company, valued at approximately $64,278,018.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard W. Neu bought 6,750 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were acquired at an average price of $13.88 per share, for a total transaction of $93,690.00. The disclosure for this purchase can be found here. Corporate insiders own 1.05% of the company’s stock.

A number of brokerages have recently issued reports on HBAN. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, November 12th. Nomura reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Huntington Bancshares in a report on Tuesday, November 13th. Sandler O’Neill cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, November 29th. They noted that the move was a valuation call. BidaskClub cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Raymond James upped their target price on shares of Huntington Bancshares from $15.50 to $16.00 and gave the company an “outperform” rating in a report on Friday, November 16th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Huntington Bancshares has a consensus rating of “Hold” and an average price target of $16.92.

Shares of HBAN opened at $14.24 on Tuesday. Huntington Bancshares Incorporated has a 52 week low of $13.13 and a 52 week high of $16.60. The stock has a market capitalization of $15.49 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.82 and a beta of 1.26. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.25 EPS. Huntington Bancshares’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 18th will be paid a $0.14 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.56 dividend on an annualized basis and a yield of 3.93%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 57.14%.

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Huntington Bancshares Company 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).

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

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