Larson Financial Group LLC Has $1.90 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Larson Financial Group LLC raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,026 shares of the bank’s stock after buying an additional 2,503 shares during the quarter. Larson Financial Group LLC’s holdings in Huntington Bancshares were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in shares of Huntington Bancshares by 2.3% during the third quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock worth $29,066,000 after buying an additional 62,674 shares in the last quarter. Comerica Bank bought a new position in shares of Huntington Bancshares during the third quarter worth about $5,261,000. Vest Financial LLC grew its holdings in shares of Huntington Bancshares by 16.5% during the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock worth $12,731,000 after buying an additional 141,410 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Huntington Bancshares by 199.6% during the third quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock worth $3,893,000 after buying an additional 249,356 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Huntington Bancshares by 5.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock worth $1,256,000 after buying an additional 5,740 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HBAN shares. Royal Bank of Canada increased their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Stephens reissued an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Monday. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Finally, Raymond James increased their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Insider Activity

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

Huntington Bancshares Price Performance

Shares of HBAN traded up $0.12 during midday trading on Tuesday, hitting $13.65. The company’s stock had a trading volume of 7,669,275 shares, compared to its average volume of 17,751,629. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The company’s fifty day simple moving average is $13.29 and its two-hundred day simple moving average is $12.19. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $19.79 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm 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. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Monday, June 17th. Huntington Bancshares’s dividend payout ratio is 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.