Gulf International Bank UK Ltd grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,440 shares of the bank’s stock after purchasing an additional 1,625 shares during the period. Gulf International Bank UK Ltd’s holdings in Huntington Bancshares were worth $3,251,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in HBAN. State of Alaska Department of Revenue boosted its position 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 purchasing an additional 5,441 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in Huntington Bancshares by 1.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 209,974 shares of the bank’s stock valued at $2,503,000 after purchasing an additional 3,624 shares during the last quarter. BB&T Corp increased its stake in Huntington Bancshares by 94.2% in the fourth quarter. BB&T Corp now owns 54,661 shares of the bank’s stock valued at $652,000 after purchasing an additional 26,512 shares during the last quarter. Claybrook Capital LLC acquired a new position in Huntington Bancshares in the fourth quarter valued at $669,000. Finally, Thrivent Financial for Lutherans increased its stake in Huntington Bancshares by 11.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,819,659 shares of the bank’s stock valued at $93,210,000 after purchasing an additional 782,027 shares during the last quarter. 79.02% of the stock is currently owned by institutional investors and hedge funds.
HBAN has been the subject of several analyst reports. Vining Sparks reiterated a “buy” rating and issued a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, January 24th. BidaskClub lowered Huntington Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Zacks Investment Research lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Finally, Jefferies Financial Group lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a research note on Monday, January 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.18.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Huntington Bancshares had a return on equity of 13.93% and a net margin of 26.43%. During the same quarter in the prior year, the company earned $0.26 earnings per share. Research analysts predict that Huntington Bancshares Incorporated will post 1.33 EPS for the current fiscal year.
In other Huntington Bancshares news, EVP Mark E. Thompson sold 18,510 shares of the company’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $13.49, for a total transaction of $249,699.90. Following the completion of the sale, the executive vice president now directly owns 667,175 shares in the company, valued at $9,000,190.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Neumeyer sold 60,000 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $13.71, for a total value of $822,600.00. Following the sale, the executive vice president now owns 356,615 shares of the company’s stock, valued at $4,889,191.65. The disclosure for this sale can be found here. Insiders have sold 81,577 shares of company stock valued at $1,116,158 over the last 90 days. 1.22% of the stock is currently owned by insiders.
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Huntington Bancshares Profile
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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