Gilliland Jeter Wealth Management LLC Takes $930,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Gilliland Jeter Wealth Management LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 73,084 shares of the bank's stock, valued at approximately $930,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Huntington Bancshares by 1.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,253,469 shares of the bank's stock worth $41,384,000 after buying an additional 36,879 shares during the last quarter. First National Bank Sioux Falls bought a new position in Huntington Bancshares in the 4th quarter valued at approximately $202,000. GAMMA Investing LLC bought a new position in Huntington Bancshares in the 4th quarter valued at approximately $126,000. Linden Thomas Advisory Services LLC lifted its position in Huntington Bancshares by 3.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 101,372 shares of the bank's stock valued at $1,289,000 after acquiring an additional 3,190 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Huntington Bancshares by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 149,026 shares of the bank's stock valued at $1,896,000 after acquiring an additional 2,503 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded down $0.03 during trading on Friday, reaching $13.55. 12,209,161 shares of the stock traded hands, compared to its average volume of 16,849,608. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 2.50 and a beta of 1.11. The business has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $12.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter last year, the business posted $0.38 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.58%. Huntington Bancshares's payout ratio is 55.86%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stephens reaffirmed an "equal weight" rating and issued a $15.00 price objective on shares of Huntington Bancshares in a research report on Monday, April 22nd. Bank of America raised Huntington Bancshares from a "neutral" rating to a "buy" rating and increased their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 5th. Jefferies Financial Group raised Huntington Bancshares from a "hold" rating to a "buy" rating and increased their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Evercore ISI increased their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $15.17.

Insider Activity

In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now owns 305,884 shares in the company, valued at $4,178,375.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the sale, the chief financial officer now owns 305,884 shares of the company's stock, valued at $4,178,375.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the sale, the director now directly owns 192,247 shares of the company's stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders sold a total of 198,189 shares of company stock worth $2,664,978 over the last 90 days. Corporate insiders own 0.89% of the company's stock.

Huntington Bancshares Company Profile

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.