Oppenheimer & Co. Inc. Raises Holdings in Huntington Bancshares Incorporated $HBAN

Oppenheimer & Co. Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 821.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,773 shares of the bank’s stock after acquiring an additional 105,883 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Huntington Bancshares were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Huntington Bancshares by 5.0% during the 1st quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after buying an additional 1,366 shares during the last quarter. Woodline Partners LP grew its holdings in Huntington Bancshares by 40.8% in the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after acquiring an additional 35,574 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Huntington Bancshares by 9.1% in the second quarter. Concurrent Investment Advisors LLC now owns 12,055 shares of the bank’s stock valued at $202,000 after acquiring an additional 1,004 shares during the period. Sagespring Wealth Partners LLC raised its stake in shares of Huntington Bancshares by 7.4% during the second quarter. Sagespring Wealth Partners LLC now owns 21,090 shares of the bank’s stock valued at $353,000 after acquiring an additional 1,446 shares during the last quarter. Finally, Generali Asset Management SPA SGR boosted its holdings in shares of Huntington Bancshares by 974.9% during the second quarter. Generali Asset Management SPA SGR now owns 86,596 shares of the bank’s stock worth $1,451,000 after purchasing an additional 78,540 shares during the period. Institutional investors own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson restated a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, October 28th. Wolfe Research reissued an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research note on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, January 12th. UBS Group set a $21.00 price target on shares of Huntington Bancshares in a report on Wednesday, February 4th. Finally, Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.60.

Huntington Bancshares Trading Down 0.4%

Shares of NASDAQ HBAN opened at $17.26 on Friday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $19.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a 50-day moving average of $17.84 and a 200 day moving average of $16.99. The stock has a market cap of $27.18 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the business posted $0.34 EPS. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares’s payout ratio is presently 44.60%.

Insiders Place Their Bets

In other news, VP Brantley J. Standridge sold 5,830 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total value of $111,586.20. Following the sale, the vice president directly owned 327,676 shares of the company’s stock, valued at approximately $6,271,718.64. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amit Dhingra sold 10,000 shares of Huntington Bancshares stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $18.50, for a total value of $185,000.00. Following the completion of the transaction, the insider directly owned 155,634 shares of the company’s stock, valued at approximately $2,879,229. This represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 114,732 shares of company stock valued at $1,923,233. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.