3 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D trimmed its stake in shares of Huntington Bancshares Incorporated ( NASDAQ:HBAN – Free Report ) by 38.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,196 shares of the bank’s stock after selling 263,315 shares during the quarter.
State of New Jersey Common Pension Fund D’s holdings in Huntington Bancshares were worth $5,485,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Huntington Bancshares during the 1st quarter worth $29,000.
Nemes Rush Group LLC grew its stake in Huntington Bancshares by 140.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares in the last quarter.
YHB Investment Advisors Inc. acquired a new position in Huntington Bancshares during the 1st quarter worth $30,000. Hazlett Burt & Watson Inc.
grew its stake in Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc.
now owns 2,291 shares of the bank’s stock worth $30,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in Huntington Bancshares during the 1st quarter worth $40,000. 80.
72% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several research firms recently commented on HBAN. UBS Group lowered their target price on Huntington Bancshares from $16.
00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. JPMorgan Chase & Co.
decreased their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a report on Thursday, June 27th.
Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company.
in a report on Friday, July 26th. Bank of America lifted their price target on Huntington Bancshares from $15.00 to $17.
00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Evercore ISI decreased their price target on Huntington Bancshares from $16.50 to $15.
00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.
59. Huntington Bancshares Stock Up 1.3 % HBAN opened at $14.
38 on Monday. The business has a 50 day moving average price of $14.21 and a two-hundred day moving average price of $13.
69. The company has a quick ratio of 0.88, a current ratio of 0.
89 and a debt-to-equity ratio of 0.96. The company has a market cap of $20.
84 billion, a PE ratio of 12.95, a P/E/G ratio of 2.90 and a beta of 1.
05. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.
24. Huntington Bancshares ( NASDAQ:HBAN – Get Free Report ) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.
30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02.
The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion.
Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%.
During the same period in the prior year, the business earned $0.35 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.
19 EPS for the current year. Huntington Bancshares Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.
155 per share. This represents a $0.62 annualized dividend and a yield of 4.
31%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.
86%. Insiders Place Their Bets In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd.
The stock was sold at an average price of $15.15, for a total transaction of $871,685.55.
Following the transaction, the vice president now owns 69,595 shares in the company, valued at approximately $1,054,364.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.
00. Following the transaction, the chief financial officer now owns 265,809 shares in the company, valued at approximately $4,021,690.17.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd.
The stock was sold at an average price of $15.15, for a total value of $871,685.55.
Following the completion of the sale, the vice president now owns 69,595 shares in the company, valued at approximately $1,054,364.25. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 116,622 shares of company stock worth $1,762,904. Company insiders own 0.89% of the company’s stock.
About Huntington Bancshares ( Free Report ) 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. See Also Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.
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