Donaldson Capital Management LLC grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,950 shares of the bank’s stock after purchasing an additional 1,600 shares during the period. Donaldson Capital Management LLC’s holdings in Huntington Bancshares were worth $152,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new position in Huntington Bancshares during the 4th quarter worth approximately $25,000. JOYN Advisors Inc. increased its position in Huntington Bancshares by 207.5% during the 4th quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock worth $25,000 after purchasing an additional 1,403 shares during the period. FTB Advisors Inc. increased its position in Huntington Bancshares by 1,100.5% during the 4th quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock worth $28,000 after purchasing an additional 2,201 shares during the period. We Are One Seven LLC acquired a new position in Huntington Bancshares during the 4th quarter worth approximately $29,000. Finally, Transamerica Financial Advisors Inc. increased its position in Huntington Bancshares by 562.0% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 2,721 shares of the bank’s stock worth $33,000 after purchasing an additional 2,310 shares during the period. Institutional investors own 79.04% of the company’s stock.
In other Huntington Bancshares news, Director Kathleen H. Ransier sold 3,067 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total transaction of $43,858.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daniel J. Neumeyer sold 60,000 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $13.71, for a total value of $822,600.00. Following the transaction, the executive vice president now directly owns 356,615 shares in the company, valued at approximately $4,889,191.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,577 shares of company stock worth $1,116,158. 1.22% of the stock is owned by corporate insiders.
Shares of NASDAQ:HBAN opened at $13.14 on Tuesday. The company has a market cap of $13.33 billion, a PE ratio of 10.95, a PEG ratio of 1.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.87. Huntington Bancshares Incorporated has a 12 month low of $11.12 and a 12 month high of $16.52.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted $0.26 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Friday, March 15th. Huntington Bancshares’s payout ratio is currently 46.67%.
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About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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