Vestmark Advisory Solutions Inc. Purchases Shares of 130,111 Huntington Bancshares Incorporated $HBAN

Vestmark Advisory Solutions Inc. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 130,111 shares of the bank’s stock, valued at approximately $2,181,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC lifted its position in shares of Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after purchasing an additional 35,014 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Huntington Bancshares by 43.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after buying an additional 28,739 shares during the last quarter. Shell Asset Management Co. raised its stake in Huntington Bancshares by 58.7% during the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock valued at $3,362,000 after buying an additional 74,220 shares in the last quarter. Czech National Bank lifted its holdings in Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after buying an additional 22,190 shares during the last quarter. Finally, Trinity Financial Advisors LLC grew its position in shares of Huntington Bancshares by 1,497.1% in the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock worth $4,853,000 after acquiring an additional 268,933 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HBAN shares. Deutsche Bank Aktiengesellschaft upped their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Raymond James Financial reissued a “strong-buy” rating and set a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. JPMorgan Chase & Co. raised their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Cowen reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Monday, October 20th. Finally, Evercore ISI started coverage on shares of Huntington Bancshares in a research note on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.66.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director John C. Inglis acquired 6,506 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director directly owned 89,831 shares of the company’s stock, valued at $1,374,414.30. This represents a 7.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $15.69 on Monday. The firm has a fifty day moving average of $16.66 and a 200-day moving average of $16.38. The company has a market cap of $22.90 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s payout ratio is 43.36%.

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.