Huntington Bancshares Incorporated (HBAN) Holdings Raised by Tradition Capital Management LLC
Tradition Capital Management LLC boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 194,328 shares of the bank’s stock after acquiring an additional 13,660 shares during the period. Tradition Capital Management LLC’s holdings in Huntington Bancshares were worth $2,464,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in HBAN. State of Alaska Department of Revenue boosted its stake in shares of Huntington Bancshares by 3.3% during the 4th quarter. State of Alaska Department of Revenue now owns 168,967 shares of the bank’s stock valued at $2,013,000 after purchasing an additional 5,441 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Huntington Bancshares by 1.8% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 209,974 shares of the bank’s stock valued at $2,503,000 after purchasing an additional 3,624 shares in the last quarter. BB&T Corp boosted its stake in shares of Huntington Bancshares by 94.2% during the 4th quarter. BB&T Corp now owns 54,661 shares of the bank’s stock valued at $652,000 after purchasing an additional 26,512 shares in the last quarter. Claybrook Capital LLC purchased a new position in Huntington Bancshares during the 4th quarter valued at about $669,000. Finally, Thrivent Financial for Lutherans lifted its position in Huntington Bancshares by 11.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,819,659 shares of the bank’s stock valued at $93,210,000 after acquiring an additional 782,027 shares during the period. 77.97% of the stock is currently owned by institutional investors and hedge funds.
Huntington Bancshares stock traded down $0.26 during trading hours on Wednesday, hitting $13.00. The stock had a trading volume of 367,646 shares, compared to its average volume of 10,016,609. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market capitalization of $13.67 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. Huntington Bancshares Incorporated has a 12-month low of $11.12 and a 12-month high of $16.52.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, June 14th. This represents a $0.56 annualized dividend and a dividend yield of 4.31%. Huntington Bancshares’s payout ratio is 46.67%.
In other news, EVP Mark E. Thompson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $13.97, for a total transaction of $279,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen H. Ransier sold 3,067 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total transaction of $43,858.10. The disclosure for this sale can be found here. Insiders have sold 41,453 shares of company stock valued at $581,030 over the last three months. 1.22% of the stock is owned by corporate insiders.
HBAN has been the subject of a number of recent research reports. BidaskClub raised shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Jefferies Financial Group cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a research report on Monday, January 28th. Vining Sparks reaffirmed a “buy” rating and issued a $18.00 target price on shares of Huntington Bancshares in a report on Thursday, January 24th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.10.
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About Huntington Bancshares
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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