Patten & Patten Inc. TN maintained its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, Holdings Channel reports. The firm owned 10,000 shares of the bank’s stock at the end of the second quarter. Patten & Patten Inc. TN’s holdings in Huntington Bancshares were worth $135,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC increased its position in Huntington Bancshares by 8.5% in the second quarter. Aperio Group LLC now owns 434,453 shares of the bank’s stock valued at $5,874,000 after buying an additional 33,908 shares during the last quarter. Rockefeller Financial Services Inc. increased its position in Huntington Bancshares by 2.8% in the second quarter. Rockefeller Financial Services Inc. now owns 24,980 shares of the bank’s stock valued at $338,000 after buying an additional 669 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Huntington Bancshares by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 67,400 shares of the bank’s stock valued at $911,000 after buying an additional 700 shares during the last quarter. LS Investment Advisors LLC increased its position in Huntington Bancshares by 4.4% in the second quarter. LS Investment Advisors LLC now owns 54,061 shares of the bank’s stock valued at $731,000 after buying an additional 2,264 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Huntington Bancshares by 7.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,853,200 shares of the bank’s stock valued at $38,575,000 after buying an additional 185,525 shares during the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.

Huntington Bancshares Incorporated (NASDAQ:HBAN) traded down 0.36% on Thursday, reaching $13.65. The company had a trading volume of 3,361,497 shares. Huntington Bancshares Incorporated has a 12-month low of $9.10 and a 12-month high of $14.74. The stock has a market capitalization of $14.84 billion, a PE ratio of 20.25 and a beta of 1.37. The stock’s 50 day moving average price is $13.27 and its 200-day moving average price is $13.34.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, April 19th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Huntington Bancshares had a net margin of 17.54% and a return on equity of 11.07%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. Equities analysts expect that Huntington Bancshares Incorporated will post $0.93 earnings per share for the current fiscal year.

Huntington Bancshares announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $308.00 million in outstanding shares. This repurchase authorization authorizes the bank to purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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HBAN has been the topic of a number of analyst reports. DA Davidson initiated coverage on shares of Huntington Bancshares in a report on Thursday, March 23rd. They set a “buy” rating and a $16.50 target price on the stock. FBR & Co reissued a “mkt perform” rating and set a $14.00 target price (down previously from $15.00) on shares of Huntington Bancshares in a report on Thursday, April 20th. Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, April 11th. Jefferies Group LLC raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a report on Monday, April 3rd. Finally, BMO Capital Markets reissued a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a report on Friday, April 28th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.23.

In related news, CEO Stephen D. Steinour purchased 50,000 shares of Huntington Bancshares stock in a transaction on Thursday, May 18th. The shares were bought at an average cost of $12.40 per share, for a total transaction of $620,000.00. Following the acquisition, the chief executive officer now owns 3,891,831 shares in the company, valued at approximately $48,258,704.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul G. Heller sold 35,720 shares of Huntington Bancshares stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $12.93, for a total transaction of $461,859.60. Following the completion of the sale, the executive vice president now owns 443,883 shares in the company, valued at $5,739,407.19. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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