Advisory Services Network LLC increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 34.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,620 shares of the bank’s stock after purchasing an additional 1,954 shares during the quarter. Advisory Services Network LLC’s holdings in Huntington Bancshares were worth $97,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Brand Asset Management Group Inc. raised its holdings in shares of Huntington Bancshares by 300.0% in the first quarter. Brand Asset Management Group Inc. now owns 2,000 shares of the bank’s stock worth $59,000 after acquiring an additional 1,500 shares during the last quarter. JOYN Advisors Inc. raised its holdings in shares of Huntington Bancshares by 207.5% in the fourth quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock worth $25,000 after acquiring an additional 1,403 shares during the last quarter. FTB Advisors Inc. raised its holdings in shares of Huntington Bancshares by 1,100.5% in the fourth quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock worth $28,000 after acquiring an additional 2,201 shares during the last quarter. Bray Capital Advisors raised its holdings in shares of Huntington Bancshares by 50.0% in the fourth quarter. Bray Capital Advisors now owns 3,000 shares of the bank’s stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Doyle Wealth Management purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at $36,000. 75.96% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Mark E. Thompson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $13.97, for a total transaction of $279,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen D. Steinour bought 18,000 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $13.33 per share, with a total value of $239,940.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,142,348 shares of the company’s stock, valued at approximately $68,547,498.84. The disclosure for this purchase can be found here. Insiders have sold 72,158 shares of company stock worth $978,909 in the last 90 days. 1.22% of the stock is currently owned by insiders.
Shares of NASDAQ:HBAN traded up $0.17 during trading on Thursday, hitting $13.76. The company’s stock had a trading volume of 8,705,100 shares, compared to its average volume of 11,809,621. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $16.52. The firm’s 50-day simple moving average is $13.47. The stock has a market capitalization of $14.30 billion, a P/E ratio of 11.49, a PEG ratio of 1.34 and a beta of 1.38.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.07%. The ex-dividend date was Friday, June 14th. Huntington Bancshares’s payout ratio is currently 46.67%.
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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