Raymond James & Associates Acquires 225,911 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Raymond James & Associates lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,403,303 shares of the bank's stock after acquiring an additional 225,911 shares during the period. Raymond James & Associates owned 0.51% of Huntington Bancshares worth $103,276,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HBAN. SG Americas Securities LLC raised its stake in shares of Huntington Bancshares by 208.2% during the third quarter. SG Americas Securities LLC now owns 72,404 shares of the bank's stock valued at $753,000 after acquiring an additional 48,913 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Huntington Bancshares by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 548,316 shares of the bank's stock valued at $5,702,000 after acquiring an additional 15,139 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Huntington Bancshares by 26.0% during the third quarter. Accurate Wealth Management LLC now owns 15,778 shares of the bank's stock valued at $164,000 after acquiring an additional 3,253 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Huntington Bancshares by 2.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 413,221 shares of the bank's stock valued at $4,297,000 after acquiring an additional 9,491 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Huntington Bancshares by 5.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank's stock valued at $1,256,000 after acquiring an additional 5,740 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the sale, the chief financial officer now directly owns 305,884 shares of the company's stock, valued at $4,178,375.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the sale, the chief financial officer now directly owns 305,884 shares of the company's stock, valued at approximately $4,178,375.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,754 shares of company stock valued at $2,655,350. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN traded up $0.02 during mid-day trading on Thursday, hitting $13.67. The company's stock had a trading volume of 12,260,680 shares, compared to its average volume of 17,539,135. Huntington Bancshares Incorporated has a 1 year low of $9.13 and a 1 year high of $14.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.49 and a beta of 1.09. The business's fifty day moving average is $13.41 and its two-hundred day moving average is $12.34.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned $0.38 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares's payout ratio is 55.86%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HBAN. Evercore ISI lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Royal Bank of Canada lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, April 9th. Morgan Stanley reissued an "overweight" rating and set a $16.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. Stephens reissued an "equal weight" rating and set a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, Jefferies Financial Group raised shares of Huntington Bancshares from a "hold" rating to a "buy" rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.17.

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.

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