Simplicity Solutions LLC Has $654,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Simplicity Solutions LLC grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,423 shares of the bank’s stock after purchasing an additional 1,598 shares during the period. Simplicity Solutions LLC’s holdings in Huntington Bancshares were worth $654,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. California Public Employees Retirement System raised its holdings in Huntington Bancshares by 2.3% in 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 during the period. Comerica Bank acquired a new stake in Huntington Bancshares in the third quarter worth $5,261,000. Vest Financial LLC raised its holdings in Huntington Bancshares by 16.5% in the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock worth $12,731,000 after purchasing an additional 141,410 shares during the period. Bank of Nova Scotia raised its holdings in Huntington Bancshares by 199.6% in the third quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock worth $3,893,000 after purchasing an additional 249,356 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Huntington Bancshares by 5.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock worth $1,256,000 after purchasing an additional 5,740 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 0.8 %

Huntington Bancshares stock opened at $13.15 on Thursday. The company has a market cap of $19.07 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $14.07. The company has a fifty day simple moving average of $13.23 and a 200 day simple moving average of $12.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

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

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Friday, March 15th. Huntington Bancshares’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several analyst reports. Evercore ISI increased their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stephens reissued an “equal weight” rating and set a $15.00 price objective on shares of Huntington Bancshares in a research report on Monday, April 1st. Keefe, Bruyette & Woods increased 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 report on Friday, April 5th. Morgan Stanley increased their price objective on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $14.97.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the sale, the insider now owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock worth $1,360,359 over the last quarter. 0.92% of the stock is currently owned by insiders.

Huntington Bancshares Company 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.