Advisory Services Network LLC Has $278,000 Stake in Huntington Bancshares Incorporated (HBAN)

Advisory Services Network LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5,524.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,122 shares of the bank’s stock after purchasing an additional 18,782 shares during the quarter. Advisory Services Network LLC’s holdings in Huntington Bancshares were worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HBAN. Verition Fund Management LLC acquired a new stake in shares of Huntington Bancshares during the 2nd quarter worth approximately $139,000. Meeder Asset Management Inc. grew its stake in shares of Huntington Bancshares by 69.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 19,952 shares of the bank’s stock worth $279,000 after purchasing an additional 8,156 shares during the period. APG Asset Management N.V. grew its stake in shares of Huntington Bancshares by 39.4% during the 3rd quarter. APG Asset Management N.V. now owns 258,500 shares of the bank’s stock worth $3,609,000 after purchasing an additional 73,000 shares during the period. BB&T Corp grew its stake in shares of Huntington Bancshares by 12.8% during the 3rd quarter. BB&T Corp now owns 31,877 shares of the bank’s stock worth $445,000 after purchasing an additional 3,623 shares during the period. Finally, Fox Run Management L.L.C. grew its stake in shares of Huntington Bancshares by 25.1% during the 3rd quarter. Fox Run Management L.L.C. now owns 25,900 shares of the bank’s stock worth $362,000 after purchasing an additional 5,200 shares during the period. 74.09% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Incorporated (HBAN) opened at $15.73 on Friday. Huntington Bancshares Incorporated has a 52-week low of $12.14 and a 52-week high of $16.53. The stock has a market capitalization of $17,000.00, a P/E ratio of 18.08, a PEG ratio of 1.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same quarter last year, the firm posted $0.18 EPS. analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a yield of 2.80%. Huntington Bancshares’s payout ratio is currently 27.59%.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, January 9th. Hilliard Lyons cut shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Wednesday, January 24th. Barclays raised their price objective on shares of Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.25 price objective on shares of Huntington Bancshares in a research note on Friday, December 22nd. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $18.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Huntington Bancshares has an average rating of “Buy” and an average target price of $16.75.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://weekherald.com/2018/02/23/advisory-services-network-llc-has-278000-stake-in-huntington-bancshares-incorporated-hban.html.

About Huntington Bancshares

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.

Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN).

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply