Fortem Financial Group LLC Acquires 2,621 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fortem Financial Group LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,244 shares of the bank’s stock after buying an additional 2,621 shares during the quarter. Fortem Financial Group LLC’s holdings in Huntington Bancshares were worth $1,354,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HBAN. UMB Bank n.a. boosted its stake in Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after acquiring an additional 728 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Huntington Bancshares by 3.2% during the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock valued at $312,000 after purchasing an additional 744 shares during the period. Dillon & Associates Inc. increased its position in Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after buying an additional 795 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Huntington Bancshares by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock valued at $917,000 after buying an additional 800 shares during the period. Finally, Lake Street Advisors Group LLC lifted its position in shares of Huntington Bancshares by 5.0% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,783 shares of the bank’s stock valued at $264,000 after buying an additional 846 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.6 %

HBAN traded up $0.10 on Monday, hitting $16.55. 12,328,630 shares of the company were exchanged, compared to its average volume of 15,593,791. The stock has a market capitalization of $24.04 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. Huntington Bancshares Incorporated has a 12 month low of $12.02 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a fifty day simple moving average of $16.98 and a two-hundred day simple moving average of $15.23.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company posted $0.36 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, December 18th. Huntington Bancshares’s payout ratio is 59.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Monday, December 23rd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Evercore ISI raised their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.69.

Insiders Place Their Bets

In related news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is currently owned by company insiders.

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.