First Hawaiian Bank Has $372,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

First Hawaiian Bank grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 111.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,641 shares of the bank’s stock after buying an additional 14,013 shares during the period. First Hawaiian Bank’s holdings in Huntington Bancshares were worth $372,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HBAN. Boston Partners boosted its position in Huntington Bancshares by 59.3% during the fourth quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock worth $593,408,000 after purchasing an additional 17,365,446 shares during the period. Norges Bank acquired a new position in Huntington Bancshares in the 4th quarter valued at $206,703,000. KBC Group NV raised its holdings in Huntington Bancshares by 715.0% in the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock worth $54,081,000 after acquiring an additional 3,729,974 shares during the period. Bank of Nova Scotia lifted its position in Huntington Bancshares by 641.5% during the 4th quarter. Bank of Nova Scotia now owns 2,775,356 shares of the bank’s stock worth $35,301,000 after acquiring an additional 2,401,067 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Huntington Bancshares during the third quarter valued at about $20,004,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 0.9 %

Shares of NASDAQ:HBAN opened at $12.63 on Friday. The company’s fifty day moving average is $13.45 and its 200-day moving average is $13.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $14.30. The company has a market capitalization of $18.30 billion, a PE ratio of 11.38, a P/E/G ratio of 2.32 and a beta of 1.08.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share 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 analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 annualized dividend and a yield of 4.91%. Huntington Bancshares’s payout ratio is 55.86%.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the completion of the sale, the vice president now owns 385,409 shares in the company, valued at $5,241,562.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now owns 305,884 shares in the company, valued at approximately $4,178,375.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,829 shares of company stock worth $2,148,623. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HBAN. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, June 11th. JPMorgan Chase & Co. cut their price target on Huntington Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Evercore ISI raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Stephens reiterated an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Finally, Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.13.

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.