Huntington Bancshares Incorporated (HBAN) Shares Bought by Rampart Investment Management Company LLC

Rampart Investment Management Company LLC increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 27.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,684 shares of the bank’s stock after purchasing an additional 10,686 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Huntington Bancshares were worth $165,472,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HBAN. Columbia Asset Management acquired a new position in Huntington Bancshares in the 3rd quarter valued at approximately $103,000. NuWave Investment Management LLC increased its position in Huntington Bancshares by 5,991.8% in the 3rd quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock valued at $133,000 after acquiring an additional 8,748 shares during the period. GAM Holding AG acquired a new position in Huntington Bancshares in the 2nd quarter valued at approximately $154,000. Donaldson Capital Management LLC acquired a new position in Huntington Bancshares in the 3rd quarter valued at approximately $172,000. Finally, Claraphi Advisory Network LLC acquired a new position in Huntington Bancshares in the 3rd quarter valued at approximately $172,000. Institutional investors and hedge funds own 76.88% of the company’s stock.

Several equities analysts have issued reports on HBAN shares. Zacks Investment Research upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, September 25th. ValuEngine cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Morgan Stanley restated a “hold” rating and issued a $17.50 price target (down from $17.75) on shares of Huntington Bancshares in a research report on Tuesday, September 18th. Vining Sparks restated a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 9th. Finally, Raymond James upped their price target on shares of Huntington Bancshares from $15.50 to $16.00 and gave the company an “outperform” rating in a research report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.92.

In related news, insider Helga Houston sold 42,608 shares of the stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $14.66, for a total transaction of $624,633.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathleen H. Ransier sold 4,820 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $14.53, for a total transaction of $70,034.60. Following the transaction, the director now directly owns 113,712 shares in the company, valued at $1,652,235.36. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

NASDAQ:HBAN opened at $12.17 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.89 and a current ratio of 0.90. Huntington Bancshares Incorporated has a 52 week low of $12.15 and a 52 week high of $16.60. The firm has a market capitalization of $12.92 billion, a PE ratio of 12.42, a PEG ratio of 0.69 and a beta of 1.26.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Tuesday, December 18th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Monday, December 17th. Huntington Bancshares’s dividend payout ratio is currently 57.14%.

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Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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

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