M.E. Allison & CO. Inc. Invests $268,000 in Huntington Bancshares Incorporated (NASDAQ:HBAN)

M.E. Allison & CO. Inc. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 16,450 shares of the bank's stock, valued at approximately $268,000.

Several other large investors also recently bought and sold shares of HBAN. Asset Dedication LLC lifted its position in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after buying an additional 1,202 shares in the last quarter. Peoples Bank KS purchased a new position in shares of Huntington Bancshares during the 3rd quarter worth $29,000. Future Financial Wealth Managment LLC acquired a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $31,000. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares in the third quarter valued at about $32,000. Finally, UMB Bank n.a. increased its position in Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after purchasing an additional 728 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares of the company's stock, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock valued at $757,356 over the last quarter. Insiders own 0.92% of the company's stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded up $0.17 during trading on Monday, reaching $17.01. The company's stock had a trading volume of 31,298,513 shares, compared to its average volume of 13,238,144. The business has a 50 day moving average price of $17.05 and a 200-day moving average price of $15.51. Huntington Bancshares Incorporated has a 12-month low of $12.02 and a 12-month high of $18.44. The company has a market capitalization of $24.71 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. 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 firm earned $0.27 earnings per share. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.64%. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Evercore ISI upped their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Citigroup raised 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. Finally, DA Davidson increased their target price on Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average target price of $17.76.

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.