Greenleaf Trust Raises Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Greenleaf Trust lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 633,682 shares of the bank’s stock after buying an additional 13,217 shares during the quarter. Greenleaf Trust’s holdings in Huntington Bancshares were worth $8,060,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. raised its stake in Huntington Bancshares by 1.6% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock worth $712,000 after acquiring an additional 830 shares during the last quarter. Guardian Wealth Management Inc. lifted its holdings in shares of Huntington Bancshares by 3.5% during the first quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock worth $363,000 after purchasing an additional 835 shares during the period. Blue Trust Inc. boosted its position in Huntington Bancshares by 12.0% in the fourth quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock valued at $108,000 after buying an additional 904 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in Huntington Bancshares by 31.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after buying an additional 963 shares during the period. Finally, First Manhattan Co. raised its position in Huntington Bancshares by 0.4% during the 4th quarter. First Manhattan Co. now owns 262,161 shares of the bank’s stock worth $3,696,000 after buying an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the sale, the insider now owns 568,222 shares in the company, valued at approximately $7,483,483.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 303,455 shares in the company, valued at $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 in the last ninety days. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ HBAN traded up $0.10 during mid-day trading on Friday, hitting $13.28. The stock had a trading volume of 39,981,445 shares, compared to its average volume of 17,831,621. The firm’s 50 day moving average is $13.27 and its 200 day moving average is $12.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.44 and a beta of 1.11. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same period in the prior year, the business earned $0.43 earnings per share. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.67%. Huntington Bancshares’s payout ratio is 50.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.97.

Huntington Bancshares 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.