GHP Investment Advisors Inc. Has $2.41 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

GHP Investment Advisors Inc. boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,992 shares of the bank’s stock after buying an additional 6,926 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Huntington Bancshares were worth $2,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Bank & Trust lifted its stake in shares of Huntington Bancshares by 4.2% in the 3rd quarter. First Bank & Trust now owns 203,304 shares of the bank’s stock valued at $2,989,000 after purchasing an additional 8,192 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Huntington Bancshares by 49.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 199,377 shares of the bank’s stock valued at $2,931,000 after buying an additional 65,728 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of Huntington Bancshares in the third quarter worth about $164,000. Forsta AP Fonden boosted its stake in shares of Huntington Bancshares by 9.9% during the 3rd quarter. Forsta AP Fonden now owns 335,500 shares of the bank’s stock worth $4,932,000 after acquiring an additional 30,300 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Huntington Bancshares by 13.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,008,423 shares of the bank’s stock valued at $14,763,000 after acquiring an additional 122,423 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on HBAN. Keefe, Bruyette & Woods reduced their target price 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. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 18th. DA Davidson upped their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America lifted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Argus increased 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 research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.03.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $15.38 on Friday. 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 debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The business’s fifty day moving average price is $14.75 and its two-hundred day moving average price is $13.99. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 3.17 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.2 EPS 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. Investors of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.03%. Huntington Bancshares’s dividend payout ratio is 59.62%.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 11,288 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76. Following the sale, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. This 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 is accessible through this link. In other news, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction that occurred on 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 directly owns 11,111 shares in the company, valued at approximately $167,331.66. This 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 is accessible through this link. Also, 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 transaction of $169,545.76. Following the completion of the sale, the insider now directly owns 618,832 shares of the company’s stock, valued at approximately $9,294,856.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,793 shares of company stock worth $405,439. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Company 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.