Huntington Bancshares Incorporated (NASDAQ:HBAN) is on recovery track with 29.86% gain from a 1-year low price of $11.12. The company added 0.77% to attain the price of $14.44 on 7/30/2019. Throughout the recent session, the prices were hovering between $14.18 and $14.45. These shares are 3.46% off its target price of $14.94 and the current market capitalization stands at $15.12B. The recent change has given its price a 6.62% lead over SMA 50 and -12.62% deficit over its 52-week high. The stock witnessed 4.49% gains, 3.74% gains and 6.49% 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 2.67% and during a month it has been found around 2.1%.
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 $11.53 billion or 78.3% in HBAN stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.71 billion in Huntington Bancshares Incorporated, which represents roughly 11.29% of the company’s market cap and approximately 14.8% 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 $1.24 billion. The third largest holder is Fmr Llc, which currently holds $1.14 billion worth of this stock and that ownership represents nearly 7.54% of its market capitalization.
At the end of March reporting period, 319 institutional holders increased their position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by some 63,653,021 shares, 315 decreased positions by 88,288,349 and 117 held positions by 652,767,147. That puts total institutional holdings at 804,708,517 shares, according to SEC filings. The stock grabbed 71 new institutional investments totaling 7,357,141 shares while 72 institutional investors sold out their entire positions totaling 4,201,742 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 EVP and Controller Maloney Nancy E has sold 2,604 shares of Huntington Bancshares Incorporated (HBAN) in the trading session dated Jul. 29, 2019. These shares are worth $37,940 and were traded at $14.57 each. The SEC filing shows that STEINOUR STEPHEN D performed a purchase of 18,000 shares. The President, CEO & Chairman added these shares by way of transaction on May. 17, 2019. The company’s shares were assimilated at $13.33 per share worth to an investment of some $239,940 to the account of STEINOUR STEPHEN D.
Sr. EVP & Chief Technology Off, Heller Paul G, sold 33,772 common shares of Huntington Bancshares Incorporated (HBAN) in the open market. In a transaction dated May. 17, 2019, the shares were put up for sale at an average price of $13.08, raking in a sum of $441,738. After this sale, 458,479 common shares of HBAN are directly owned by the insider, with total stake valued at $6,620,440.
In the transaction dated May. 06, 2019, a great number of shares sold came courtesy the Sr. EVP of Principal Sub; Remiker Richard disposed a total of 18,386 shares at an average price of $14.02, amounting to approximately $257,772. The insider now directly owns 341,422 shares worth $4,930,128.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 13 of them predict the stock is a hold. Also, there are 3 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.52 average brokerage recommendation [T1].