Suntrust Banks Inc. grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 131.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,160 shares of the bank’s stock after purchasing an additional 169,536 shares during the quarter. Suntrust Banks Inc.’s holdings in Huntington Bancshares were worth $3,554,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. HRT Financial LLC bought a new stake in shares of Huntington Bancshares during the third quarter valued at approximately $2,293,000. State of Alaska Department of Revenue grew its holdings in Huntington Bancshares by 3.3% during the fourth quarter. State of Alaska Department of Revenue now owns 168,967 shares of the bank’s stock worth $2,013,000 after buying an additional 5,441 shares in the last quarter. BB&T Corp grew its holdings in Huntington Bancshares by 94.2% during the fourth quarter. BB&T Corp now owns 54,661 shares of the bank’s stock worth $652,000 after buying an additional 26,512 shares in the last quarter. Claybrook Capital LLC bought a new stake in Huntington Bancshares during the fourth quarter worth $669,000. Finally, Credit Suisse AG grew its holdings in Huntington Bancshares by 20.2% during the third quarter. Credit Suisse AG now owns 1,378,201 shares of the bank’s stock worth $20,563,000 after buying an additional 231,415 shares in the last quarter. 79.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ HBAN traded down $0.23 during trading on Monday, reaching $13.46. 7,504,286 shares of the stock traded hands, compared to its average volume of 13,740,078. Huntington Bancshares Incorporated has a 52-week low of $11.12 and a 52-week high of $16.52. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market capitalization of $14.39 billion, a PE ratio of 11.22, a P/E/G ratio of 1.11 and a beta of 1.35.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a dividend of $0.14 per share. The ex-dividend date was Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.16%. Huntington Bancshares’s dividend payout ratio is presently 46.67%.
In related news, EVP Mark E. Thompson sold 18,510 shares of the business’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $13.49, for a total transaction of $249,699.90. Following the sale, the executive vice president now directly owns 667,175 shares in the company, valued at approximately $9,000,190.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathleen H. Ransier sold 3,067 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total value of $43,858.10. The disclosure for this sale can be found here. Insiders have sold a total of 81,577 shares of company stock worth $1,116,158 in the last ninety days. Insiders own 1.22% of the company’s stock.
Several brokerages recently issued reports on HBAN. BidaskClub upgraded Huntington Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, January 19th. Jefferies Financial Group downgraded Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a report on Monday, January 28th. Zacks Investment Research downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Finally, Vining Sparks reiterated a “buy” rating and set a $18.00 price target on shares of Huntington Bancshares in a report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Huntington Bancshares has a consensus rating of “Hold” and an average target price of $16.18.
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About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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