Huntington Bancshares Incorporated (NASDAQ:HBAN) is on recovery track with 24.64% gain from a 1-year low price of $11.12. The company added 1.02% to attain the price of $13.86 on 7/11/2019. Throughout the recent session, the prices were hovering between $13.665 and $13.89. These shares are 7.22% off its target price of $14.86 and the current market capitalization stands at $14.51B. The recent change has given its price a 3.14% lead over SMA 50 and -16.13% deficit over its 52-week high. The stock witnessed 2.36% gains, 4.21% gains and 9.57% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HBAN’s volatility during a week at 1.91% and during a month it has been found around 2.34%.
What Does Huntington Bancshares Incorporated (HBAN) Do?
The company describes itself in regulatory filings as, “Huntington Bancshares, Inc. operates as a bank holding company. It 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. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.” [Text can be found here: https://www.marketwatch.com/investing/stock/HBAN/profile under company description.]Huntington Bancshares Incorporated (HBAN) Top Holders
Institutional investors currently hold around $11.03 billion or 78.2% in HBAN stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.63 billion in Huntington Bancshares Incorporated, which represents roughly 11.26% of the company’s market cap and approximately 14.81% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 86,682,134 shares of the stock are valued at $1.19 billion. The third largest holder is Fmr Llc, which currently holds $1.09 billion worth of this stock and that ownership represents nearly 7.52% of its market capitalization.Huntington Bancshares Incorporated 13F Filings
At the end of March reporting period, 312 institutional holders increased their position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by some 63,635,300 shares, 321 decreased positions by 88,365,535 and 122 held positions by 652,158,351. That puts total institutional holdings at 804,159,186 shares, according to SEC filings. The stock grabbed 70 new institutional investments totaling 6,247,208 shares while 73 institutional investors sold out their entire positions totaling 4,800,522 shares.Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Trades
Multiple company employees have indulged in significant insider trading. Huntington Bancshares Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, CEO & Chairman STEINOUR STEPHEN D has acquired 18,000 shares of Huntington Bancshares Incorporated (HBAN) in the trading session dated May. 17, 2019. These shares are worth $239,940 and were traded at $13.33 each. The SEC filing shows that Heller Paul G performed a sale of 33,772 shares. The Sr. EVP & Chief Technology Off disposed these shares by way of transaction on May. 17, 2019. The company’s shares were given away at $13.08 per share worth to an income of some $441,738 to the account of Heller Paul G.
Sr. EVP of Principal Sub, Remiker Richard, sold 18,386 common shares of Huntington Bancshares Incorporated (HBAN) in the open market. In a transaction dated May. 06, 2019, the shares were put up for sale at an average price of $14.02, raking in a sum of $257,772. After this sale, 341,422 common shares of HBAN are directly owned by the insider, with total stake valued at $4,732,104.
In the transaction dated Apr. 29, 2019, a great number of shares sold came courtesy the Senior EVP of Principal Sub.; Thompson Mark E disposed a total of 20,000 shares at an average price of $13.97, amounting to approximately $279,400. The insider now directly owns 703,358 shares worth $9,748,541.Huntington Bancshares Incorporated (HBAN) Analyst Guide
Several analysts have released their opinion on Huntington Bancshares Incorporated (NASDAQ:HBAN), with 5 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.48 average brokerage recommendation [T1].