Raymond James Financial Services Advisors Inc. Acquires 51,252 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Raymond James Financial Services Advisors Inc. boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,872,868 shares of the bank’s stock after purchasing an additional 51,252 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.13% of Huntington Bancshares worth $23,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HBAN. HB Wealth Management LLC lifted its position in shares of Huntington Bancshares by 87.4% during the 4th quarter. HB Wealth Management LLC now owns 22,956 shares of the bank’s stock valued at $292,000 after acquiring an additional 10,709 shares during the period. SG Americas Securities LLC raised its stake in Huntington Bancshares by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 86,009 shares of the bank’s stock valued at $1,094,000 after purchasing an additional 13,605 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its position in Huntington Bancshares by 11.3% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 12,764 shares of the bank’s stock worth $164,000 after purchasing an additional 1,293 shares during the period. Everhart Financial Group Inc. grew its stake in Huntington Bancshares by 7.0% during the fourth quarter. Everhart Financial Group Inc. now owns 56,873 shares of the bank’s stock worth $723,000 after buying an additional 3,711 shares in the last quarter. Finally, CX Institutional bought a new position in Huntington Bancshares in the 4th quarter valued at about $205,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $13.79 on Thursday. The stock’s 50 day moving average price is $12.98 and its two-hundred day moving average price is $11.78. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 11.12 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $13.80.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.15. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be paid a $0.155 dividend. The ex-dividend date is Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.50%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HBAN. Raymond James upped their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a report on Tuesday, December 26th. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $12.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, December 18th. Citigroup increased their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays raised Huntington Bancshares from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $12.00 to $15.00 in a research note on Tuesday, January 2nd. Finally, StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.66.

Insider Activity

In related news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Ann B. Crane sold 58,000 shares of the company’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 sale, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock worth $1,360,359 over the last quarter. 0.92% of the stock is currently owned by corporate insiders.

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.