Endurance Wealth Management Inc. grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 838,303 shares of the bank’s stock after buying an additional 5,174 shares during the period. Huntington Bancshares makes up 2.0% of Endurance Wealth Management Inc.’s portfolio, making the stock its 14th largest position. Endurance Wealth Management Inc. owned approximately 0.08% of Huntington Bancshares worth $12,206,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Sun Life Financial INC lifted its position in Huntington Bancshares by 99,812.5% in the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after acquiring an additional 7,985 shares in the last quarter. Verition Fund Management LLC bought a new stake in Huntington Bancshares in the 2nd quarter valued at $139,000. Alpha Cubed Investments LLC bought a new stake in Huntington Bancshares in the 3rd quarter valued at $151,000. ClariVest Asset Management LLC lifted its position in Huntington Bancshares by 53.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after acquiring an additional 3,900 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Huntington Bancshares by 171.7% in the 2nd quarter. D.A. Davidson & CO. now owns 13,800 shares of the bank’s stock valued at $186,000 after acquiring an additional 8,720 shares in the last quarter. 73.70% of the stock is owned by institutional investors.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded up $0.08 during trading hours on Thursday, reaching $15.76. 9,992,400 shares of the company’s stock traded hands, compared to its average volume of 10,578,745. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 52-week low of $12.14 and a 52-week high of $16.00. The company has a market cap of $16,910.00, a PE ratio of 18.99, a PEG ratio of 1.23 and a beta of 1.33.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.79%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 15th. Huntington Bancshares’s dividend payout ratio is presently 38.55%.
Several equities research analysts recently commented on HBAN shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 9th. Vining Sparks reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Huntington Bancshares in a research report on Monday, January 8th. Nomura boosted their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Morgan Stanley boosted their price target on shares of Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Huntington Bancshares presently has an average rating of “Buy” and an average target price of $16.31.
In other news, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the sale, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares in the company, valued at $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
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Huntington Bancshares Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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