First National Bank Sioux Falls Acquires New Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN)

First National Bank Sioux Falls purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 15,866 shares of the bank’s stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Huntington Bancshares by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock valued at $1,789,520,000 after purchasing an additional 1,209,264 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Huntington Bancshares by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock worth $468,725,000 after buying an additional 245,025 shares in the last quarter. Boston Partners boosted its holdings in Huntington Bancshares by 33.0% in the 3rd quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after buying an additional 7,271,405 shares during the period. Victory Capital Management Inc. grew its stake in Huntington Bancshares by 23.7% in the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock worth $186,421,000 after buying an additional 3,438,552 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Huntington Bancshares by 5.5% during the third quarter. Northern Trust Corp now owns 14,273,987 shares of the bank’s stock valued at $148,449,000 after buying an additional 744,443 shares during the period. Institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

HBAN has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Raymond James raised their price objective on Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 26th. Evercore ISI raised 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. Finally, Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the firm’s 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 completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock valued at $1,360,359 in the last quarter. Insiders own 0.92% of the company’s stock.

Huntington Bancshares Trading Up 0.7 %

Shares of HBAN traded up $0.10 during mid-day trading on Tuesday, reaching $13.63. 17,516,694 shares of the company’s stock traded hands, compared to its average volume of 17,889,906. The stock’s 50-day moving average is $13.31 and its two-hundred day moving average is $12.21. The stock has a market cap of $19.76 billion, a P/E ratio of 12.28, a P/E/G ratio of 2.47 and a beta of 1.11. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month 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.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Monday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

About Huntington Bancshares

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.