283,374 Shares in Huntington Bancshares Incorporated $HBAN Bought by Altrius Capital Management Inc

Altrius Capital Management Inc bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, Holdings Channel reports. The firm bought 283,374 shares of the bank’s stock, valued at approximately $4,894,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HBAN. MTM Investment Management LLC bought a new position in shares of Huntington Bancshares in the second quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in Huntington Bancshares in the 2nd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth approximately $31,000. First Horizon Corp bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $36,000. Finally, Root Financial Partners LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Ratings Changes

HBAN has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. DA Davidson restated a “buy” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Tuesday, October 28th. JPMorgan Chase & Co. increased their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Barclays boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.48.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 12,832 shares of Huntington Bancshares stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $18.00, for a total transaction of $230,976.00. Following the completion of the transaction, the executive vice president directly owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kendall A. Kowalski sold 2,481 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the completion of the sale, the insider directly owned 71,566 shares in the company, valued at approximately $1,273,874.80. The trade was a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 97,863 shares of company stock valued at $1,581,634. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $19.02 on Thursday. The firm has a market capitalization of $29.95 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.19. The firm has a 50-day moving average price of $17.60 and a 200 day moving average price of $16.92.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is 44.60%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.