Greenwood Capital Associates LLC Takes Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Greenwood Capital Associates LLC acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 370,624 shares of the bank's stock, valued at approximately $6,030,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. E. Ohman J or Asset Management AB boosted its position in Huntington Bancshares by 17.3% in the 4th quarter. E. Ohman J or Asset Management AB now owns 64,400 shares of the bank's stock valued at $1,048,000 after buying an additional 9,500 shares during the period. Mather Group LLC. raised its stake in shares of Huntington Bancshares by 14.5% during the fourth quarter. Mather Group LLC. now owns 13,697 shares of the bank's stock valued at $223,000 after acquiring an additional 1,739 shares in the last quarter. Longboard Asset Management LP purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $171,000. JB Capital LLC grew its stake in Huntington Bancshares by 2.7% in the fourth quarter. JB Capital LLC now owns 195,909 shares of the bank's stock worth $3,187,000 after purchasing an additional 5,164 shares in the last quarter. Finally, Golden State Equity Partners increased its holdings in Huntington Bancshares by 1,280.1% during the 4th quarter. Golden State Equity Partners now owns 22,924 shares of the bank's stock worth $373,000 after purchasing an additional 21,263 shares during the period. Hedge funds and other institutional investors own 80.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HBAN. Citigroup increased their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Evercore ISI upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Stephens reissued an "equal weight" rating and issued a $18.50 price objective on shares of Huntington Bancshares in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.06.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.92% of the company's stock.

Huntington Bancshares Stock Performance

HBAN stock traded down $0.26 during trading on Friday, reaching $16.91. The company had a trading volume of 12,735,568 shares, compared to its average volume of 19,482,602. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The firm has a 50-day simple moving average of $16.87 and a 200-day simple moving average of $15.79.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the firm earned $0.27 EPS. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is presently 50.41%.

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.