Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Position Boosted by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 16.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,923 shares of the bank’s stock after buying an additional 5,897 shares during the period. V Square Quantitative Management LLC’s holdings in Huntington Bancshares were worth $585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in shares of Huntington Bancshares by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock valued at $29,066,000 after purchasing an additional 62,674 shares in the last quarter. Comerica Bank bought a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $5,261,000. Vest Financial LLC boosted its position in shares of Huntington Bancshares by 16.5% during the 4th quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after purchasing an additional 141,410 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Huntington Bancshares by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 4,530 shares of the bank’s stock valued at $58,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Huntington Bancshares by 199.6% during the 3rd quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock valued at $3,893,000 after purchasing an additional 249,356 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HBAN. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Bank of America raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 price objective on shares of Huntington Bancshares in a research note on Monday, April 22nd. UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. Finally, Citigroup upped their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Brantley J. Standridge sold 50,000 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the transaction, the vice president now directly owns 385,409 shares of the company’s stock, valued at $5,241,562.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The disclosure for this sale can be found here. Insiders have sold 208,551 shares of company stock worth $2,834,671 over the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Down 1.6 %

HBAN traded down $0.23 during midday trading on Wednesday, hitting $13.92. 7,932,795 shares of the company’s stock traded hands, compared to its average volume of 16,472,072. The company has a market cap of $20.17 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09. The stock’s fifty day simple moving average is $13.64 and its 200-day simple moving average is $12.78. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $14.30.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The company 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 quarter last year, the company posted $0.38 earnings per share. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.45%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

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.