Greenleaf Trust Grows Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Greenleaf Trust grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 633,682 shares of the bank’s stock after acquiring an additional 13,217 shares during the period. Greenleaf Trust’s holdings in Huntington Bancshares were worth $8,060,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HBAN. California Public Employees Retirement System boosted its position in Huntington Bancshares by 2.3% during the third quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock worth $29,066,000 after purchasing an additional 62,674 shares in the last quarter. Comerica Bank acquired a new stake in Huntington Bancshares in the 3rd quarter valued at about $5,261,000. Vest Financial LLC grew its stake in Huntington Bancshares by 16.5% in the 4th quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after acquiring an additional 141,410 shares during the last quarter. Bank of Nova Scotia increased its holdings in 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 acquiring an additional 249,356 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Huntington Bancshares by 5.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock worth $1,256,000 after acquiring an additional 5,740 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.8 %

Shares of HBAN traded up $0.10 during mid-day trading on Friday, reaching $13.28. The company had a trading volume of 39,981,445 shares, compared to its average volume of 17,831,621. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $13.27 and a 200-day simple moving average of $12.13. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.07.

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

Huntington Bancshares Dividend Announcement

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

Insider Activity

In other news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction 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 sale, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Julie C. Tutkovics sold 15,541 shares of the 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Helga Houston sold 28,700 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock valued at $1,360,359 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HBAN shares. Keefe, Bruyette & Woods raised their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Citigroup upped their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Barclays raised shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average 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.