DekaBank Deutsche Girozentrale raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,128 shares of the bank’s stock after buying an additional 3,941 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Huntington Bancshares were worth $1,645,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in Huntington Bancshares by 17.7% during the 4th quarter. D.A. Davidson & CO. now owns 20,631 shares of the bank’s stock worth $246,000 after buying an additional 3,101 shares during the period. RWC Asset Management LLP lifted its position in shares of Huntington Bancshares by 9.5% in the 4th quarter. RWC Asset Management LLP now owns 4,817,763 shares of the bank’s stock worth $57,429,000 after purchasing an additional 416,021 shares during the period. Sigma Planning Corp lifted its position in shares of Huntington Bancshares by 15.0% in the 4th quarter. Sigma Planning Corp now owns 22,485 shares of the bank’s stock worth $268,000 after purchasing an additional 2,933 shares during the period. SG Americas Securities LLC lifted its position in shares of Huntington Bancshares by 110.6% in the 4th quarter. SG Americas Securities LLC now owns 141,085 shares of the bank’s stock worth $1,682,000 after purchasing an additional 74,081 shares during the period. Finally, Dupont Capital Management Corp lifted its position in shares of Huntington Bancshares by 31.2% in the 4th quarter. Dupont Capital Management Corp now owns 12,673 shares of the bank’s stock worth $151,000 after purchasing an additional 3,016 shares during the period. 75.96% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Stephen D. Steinour purchased 18,000 shares of the stock in a transaction dated Friday, May 17th. The shares were purchased 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 owns 5,142,348 shares in the company, valued at approximately $68,547,498.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Paul G. Heller sold 33,772 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.08, for a total transaction of $441,737.76. Following the completion of the sale, the executive vice president now directly owns 458,479 shares in the company, valued at $5,996,905.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,158 shares of company stock worth $978,909. Insiders own 1.22% of the company’s stock.
Shares of NASDAQ HBAN remained flat at $$13.82 during trading on Monday. 10,341,345 shares of the stock traded hands, compared to its average volume of 12,229,707. Huntington Bancshares Incorporated has a 12-month low of $11.12 and a 12-month high of $16.52. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.16 and a beta of 1.38. The company’s 50 day simple moving average is $13.29.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.32 EPS for the current year.
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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 46.67%.
Huntington Bancshares 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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