Carlson Capital L.P. Takes Position in Huntington Bancshares Incorporated $HBAN

Carlson Capital L.P. purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,400 shares of the bank’s stock, valued at approximately $698,000.

Other hedge funds also recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in Huntington Bancshares in the 2nd quarter valued at $25,000. Grey Fox Wealth Advisors LLC bought a new stake in Huntington Bancshares during the third quarter valued at $31,000. Catalyst Capital Advisors LLC purchased a new position in Huntington Bancshares during the second quarter worth about $30,000. First Horizon Corp bought a new position in Huntington Bancshares in the 3rd quarter worth about $36,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 12,832 shares of the company’s stock in a transaction that occurred 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 owned 239,473 shares in the company, valued at $4,310,514. This 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 is available through this hyperlink. Also, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction on Friday, November 21st. The shares were sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the sale, the insider owned 534,640 shares in the company, valued at approximately $8,222,763.20. This trade represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 103,693 shares of company stock worth $1,693,220 over the last 90 days. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $19.27 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $19.46. The firm has a market cap of $30.35 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. The business has a 50 day moving average price of $17.72 and a 200-day moving average price of $16.95.

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

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.2%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.60%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. National Bankshares set a $21.00 price objective on Huntington Bancshares in a report on Wednesday. Morgan Stanley cut their price target on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Stephens increased their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, December 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $20.48.

Huntington Bancshares 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.