Fulton Bank N.A. Grows Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fulton Bank N.A. grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 5.5% in the first quarter, HoldingsChannel reports. The firm owned 191,273 shares of the bank’s stock after buying an additional 10,032 shares during the quarter. Fulton Bank N.A.’s holdings in Huntington Bancshares were worth $2,668,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Huntington Bancshares in the fourth quarter worth about $29,000. Nemes Rush Group LLC increased its holdings in Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after buying an additional 1,391 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at about $33,000. Spartan Planning & Wealth Management purchased a new position in Huntington Bancshares in the 4th quarter valued at $46,000. Finally, Baker Avenue Asset Management LP increased its holdings in shares of Huntington Bancshares by 31.8% in the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after purchasing an additional 963 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HBAN shares. Piper Sandler downgraded shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $13.50 to $11.50 in a research note on Friday, June 14th. Stephens reaffirmed an “equal weight” rating and issued a $15.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd. Evercore ISI lifted their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research report on Tuesday, June 11th. Finally, DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.13.

View Our Latest Report on Huntington Bancshares

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 7,278 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total transaction of $99,271.92. Following the sale, the insider now directly owns 648,904 shares in the company, valued at approximately $8,851,050.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Helga Houston sold 7,278 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the sale, the insider now owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kendall A. Kowalski sold 15,711 shares of Huntington Bancshares stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $13.84, for a total value of $217,440.24. Following the completion of the sale, the insider now owns 65,195 shares in the company, valued at $902,298.80. The disclosure for this sale can be found here. Insiders have sold 157,829 shares of company stock worth $2,148,623 in the last ninety days. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ HBAN traded up $0.06 on Thursday, hitting $12.52. 19,252,332 shares of the company’s stock were exchanged, compared to its average volume of 16,765,504. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $14.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 2.31 and a beta of 1.08. The stock has a 50-day moving average of $13.48 and a 200-day moving average of $13.10.

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

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.95%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Huntington Bancshares Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBANFree Report).

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

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.