First Bank & Trust Has $2.99 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

First Bank & Trust grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,304 shares of the bank’s stock after purchasing an additional 8,192 shares during the quarter. First Bank & Trust’s holdings in Huntington Bancshares were worth $2,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Huntington Bancshares by 64.2% in the fourth 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 during the last quarter. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares in the 1st quarter worth approximately $29,000. Register Financial Advisors LLC acquired a new position in shares of Huntington Bancshares during the first quarter worth approximately $40,000. MCF Advisors LLC grew its stake in shares of Huntington Bancshares by 51.6% in the first quarter. MCF Advisors LLC now owns 4,425 shares of the bank’s stock worth $62,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Cornerstone Wealth Group LLC bought a new position in Huntington Bancshares during the first quarter worth $255,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HBAN shares. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods cut their price target on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Citigroup lifted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Argus upped their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.03.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the sale, the insider now owns 618,832 shares of the company’s stock, valued at $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the sale, the insider now directly owns 618,832 shares in the company, valued at $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now owns 11,111 shares in the company, 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. Over the last three months, insiders have sold 26,793 shares of company stock worth $405,439. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN traded down $0.18 on Friday, hitting $15.38. The company’s stock had a trading volume of 8,416,378 shares, compared to its average volume of 13,395,976. The company has a 50 day moving average price of $14.75 and a 200 day moving average price of $13.99. Huntington Bancshares Incorporated has a fifty-two week low of $9.35 and a fifty-two week high of $16.03. The company has a market capitalization of $22.34 billion, a PE ratio of 14.79, a PEG ratio of 3.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 59.62%.

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.