Commonwealth Financial Services LLC Purchases Shares of 10,771 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Commonwealth Financial Services LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,771 shares of the bank’s stock, valued at approximately $154,000.

A number of other hedge funds have also bought and sold shares of HBAN. Wellington Management Group LLP increased its stake in Huntington Bancshares by 64.2% during the 4th quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock valued at $3,877,000 after purchasing an additional 119,178 shares in the last quarter. Park Avenue Securities LLC increased its stake in Huntington Bancshares by 1.3% during the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after purchasing an additional 794 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Huntington Bancshares by 16.0% in the first quarter. Ballentine Partners LLC now owns 17,940 shares of the bank’s stock worth $250,000 after acquiring an additional 2,475 shares during the period. Brookstone Capital Management acquired a new stake in shares of Huntington Bancshares in the first quarter worth $9,712,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares in the first quarter worth $29,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the sale, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the sale, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the topic of a number of research reports. Bank of America increased their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley increased their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Citigroup increased their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Finally, StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $16.03.

Huntington Bancshares Price Performance

HBAN traded down $0.01 during midday trading on Thursday, hitting $15.53. 1,604,056 shares of the company traded hands, compared to its average volume of 16,145,983. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $22.51 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 52-week low of $9.25 and a 52-week high of $16.03. The business has a 50 day simple moving average of $14.68 and a two-hundred day simple moving average of $13.97.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period last year, the firm posted $0.36 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Huntington Bancshares Profile

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.