Raymond James Trust N.A. Has $1.50 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Raymond James Trust N.A. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 101,758 shares of the bank’s stock after acquiring an additional 4,713 shares during the period. Raymond James Trust N.A.’s holdings in Huntington Bancshares were worth $1,496,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the first quarter worth $378,000. Bessemer Group Inc. lifted its position in Huntington Bancshares by 21.2% during the 1st quarter. Bessemer Group Inc. now owns 17,241 shares of the bank’s stock worth $241,000 after acquiring an additional 3,010 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in Huntington Bancshares during the first quarter valued at about $249,000. Lazard Asset Management LLC grew its position in shares of Huntington Bancshares by 251,152.2% in the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock valued at $2,417,000 after purchasing an additional 173,295 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in shares of Huntington Bancshares by 102.5% in the first quarter. Mount Yale Investment Advisors LLC now owns 34,558 shares of the bank’s stock worth $482,000 after purchasing an additional 17,490 shares during the period. 80.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup increased their target price on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. DA Davidson raised their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.26.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.89 on Friday. Huntington Bancshares Incorporated has a 1-year low of $10.73 and a 1-year high of $17.98. The firm’s 50-day moving average price is $15.72 and its two-hundred day moving average price is $14.47. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $25.99 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 3.52 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Insider Buying and Selling at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares 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 completion of the sale, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares 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.