Barclays PLC Purchases 689,897 Shares of Huntington Bancshares Incorporated $HBAN

Barclays PLC raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,753,652 shares of the bank’s stock after acquiring an additional 689,897 shares during the quarter. Barclays PLC’s holdings in Huntington Bancshares were worth $116,636,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MTM Investment Management LLC purchased a new position in Huntington Bancshares during the 2nd quarter valued at about $25,000. Accredited Wealth Management LLC increased its stake in shares of Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after buying an additional 1,322 shares during the period. Grey Fox Wealth Advisors LLC bought a new position in shares of Huntington Bancshares during the third quarter valued at approximately $31,000. AlphaCore Capital LLC purchased a new stake in Huntington Bancshares in the third quarter worth $33,000. Finally, First Horizon Corp bought a new stake in Huntington Bancshares in the third quarter valued at $36,000. 80.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HBAN has been the subject of several research analyst reports. Jefferies Financial Group dropped their target price on shares of Huntington Bancshares from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group set a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday, February 4th. Evercore initiated coverage on shares of Huntington Bancshares in a report on Tuesday, February 3rd. They issued an “outperform” rating and a $21.00 price objective for the company. Barclays upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Finally, Argus increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Huntington Bancshares Trading Down 2.2%

Shares of NASDAQ HBAN opened at $16.31 on Friday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $19.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a 50-day moving average of $17.70 and a 200 day moving average of $17.08. The stock has a market cap of $33.11 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last announced 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 return on equity of 11.98% and a net margin of 17.71%.The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the company posted $0.34 EPS. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared 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 is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. Huntington Bancshares’s dividend payout ratio is presently 44.60%.

Insider Activity at Huntington Bancshares

In related news, Director James D. Rollins III bought 6,873 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $23.27 per share, with a total value of $159,934.71. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at approximately $93,080. The trade was a -239.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brendan A. Lawlor sold 17,455 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total value of $330,423.15. Following the transaction, the vice president owned 42,398 shares of the company’s stock, valued at $802,594.14. The trade was a 29.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 26,488 shares of company stock worth $510,286 and have sold 50,145 shares worth $929,885. Corporate insiders own 0.89% of the company’s stock.

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.