GWM Advisors LLC increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 52.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 63,398 shares of the bank’s stock after buying an additional 21,910 shares during the period. GWM Advisors LLC’s holdings in Huntington Bancshares were worth $804,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. KC Investment Advisors LLC purchased a new stake in Huntington Bancshares in the 1st quarter worth about $176,000. Wealthfront Advisers LLC increased its position in shares of Huntington Bancshares by 20.1% during the first quarter. Wealthfront Advisers LLC now owns 156,799 shares of the bank’s stock worth $1,988,000 after acquiring an additional 26,289 shares during the period. Aspire Private Capital LLC increased its position in shares of Huntington Bancshares by 122.3% during the first quarter. Aspire Private Capital LLC now owns 24,202 shares of the bank’s stock worth $307,000 after acquiring an additional 13,314 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Huntington Bancshares by 1.5% during the first quarter. The Manufacturers Life Insurance Company now owns 15,059,755 shares of the bank’s stock worth $190,959,000 after acquiring an additional 221,076 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Huntington Bancshares by 9.4% during the first quarter. Commonwealth Equity Services LLC now owns 275,283 shares of the bank’s stock worth $3,490,000 after acquiring an additional 23,729 shares during the period. 75.96% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on HBAN shares. ValuEngine upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Argus initiated coverage on shares of Huntington Bancshares in a research note on Friday, May 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, BidaskClub upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Huntington Bancshares currently has an average rating of “Hold” and a consensus target price of $16.10.
HBAN traded up $0.09 on Friday, reaching $13.92. The stock had a trading volume of 7,398,341 shares, compared to its average volume of 8,831,942. The company has a market cap of $14.57 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.18 and a beta of 1.38. The company has a 50-day moving average price of $13.34. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12-month low of $11.12 and a 12-month high of $16.52.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 25th. The bank reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.56 dividend on an annualized basis and a yield of 4.02%. Huntington Bancshares’s payout ratio 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).
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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