Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 173.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,451 shares of the bank's stock after purchasing an additional 45,915 shares during the quarter. D.A. Davidson & CO.'s holdings in Huntington Bancshares were worth $1,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in shares of Huntington Bancshares by 1,462.4% in the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank's stock worth $3,188,000 after purchasing an additional 198,796 shares during the period. First Horizon Advisors Inc. lifted its holdings in Huntington Bancshares by 5.5% during the 1st quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank's stock valued at $241,000 after buying an additional 844 shares in the last quarter. Hudson Edge Investment Partners Inc. purchased a new stake in shares of Huntington Bancshares in the first quarter valued at approximately $6,787,000. LFA Lugano Financial Advisors SA bought a new stake in Huntington Bancshares during the 1st quarter valued at $31,000. Finally, Keybank National Association OH lifted its holdings in shares of Huntington Bancshares by 14.5% in the 1st quarter. Keybank National Association OH now owns 115,320 shares of the bank's stock worth $1,731,000 after buying an additional 14,643 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock traded down $0.17 during trading on Friday, hitting $17.39. 19,466,724 shares of the company's stock were exchanged, compared to its average volume of 18,985,327. Huntington Bancshares Incorporated has a 52-week low of $11.92 and a 52-week high of $18.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market capitalization of $25.40 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.32 and a beta of 0.93. The business has a 50-day simple moving average of $16.10 and a 200-day simple moving average of $15.71.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.44% and a net margin of 16.94%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Tuesday, June 17th. Huntington Bancshares's dividend payout ratio (DPR) is presently 47.33%.

Huntington Bancshares declared that its board has initiated a stock buyback plan on Thursday, April 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the bank to purchase up to 5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on HBAN shares. Royal Bank Of Canada cut their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Cowen started coverage on Huntington Bancshares in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Keefe, Bruyette & Woods decreased their price objective on Huntington Bancshares from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Raymond James Financial reiterated a "strong-buy" rating and issued a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.48.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 59,060 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $14.36, for a total transaction of $848,101.60. Following the sale, the chief financial officer directly owned 277,348 shares of the company's stock, valued at $3,982,717.28. This represents a 17.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kendall A. Kowalski sold 3,434 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $14.50, for a total value of $49,793.00. Following the transaction, the insider owned 66,847 shares in the company, valued at $969,281.50. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,375 shares of company stock valued at $3,049,277 in the last three months. Corporate insiders own 0.89% of the company's stock.

About Huntington Bancshares

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.