Smith Howard Wealth Management buys $2.1 Million stake in Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (HBAN) : Smith Howard Wealth Management scooped up 100,000 additional shares in Huntington Bancshares Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 214,285 shares of Huntington Bancshares Incorporated which is valued at $2.1 Million.Huntington Bancshares Incorporated makes up approximately 0.86% of Smith Howard Wealth Management’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in HBAN by selling 63,739 shares or 84.38% in the most recent quarter. The Hedge Fund company now holds 11,796 shares of HBAN which is valued at $114,067. Huntington Bancshares Incorporated makes up approx 0.01% of Meeder Asset Management Inc’s portfolio.Focused Wealth Management Inc reduced its stake in HBAN by selling 453 shares or 49.78% in the most recent quarter. The Hedge Fund company now holds 457 shares of HBAN which is valued at $4,419.Pacad Investment Ltd. boosted its stake in HBAN in the latest quarter, The investment management firm added 221,523 additional shares and now holds a total of 262,223 shares of Huntington Bancshares Incorporated which is valued at $2.6 Million. Huntington Bancshares Incorporated makes up approx 0.30% of Pacad Investment Ltd.’s portfolio.Russell Frank Co boosted its stake in HBAN in the latest quarter, The investment management firm added 342,784 additional shares and now holds a total of 982,426 shares of Huntington Bancshares Incorporated which is valued at $9.9 Million. Huntington Bancshares Incorporated makes up approx 0.02% of Russell Frank Co’s portfolio.

Huntington Bancshares Incorporated opened for trading at $10.25 and hit $10.375 on the upside on Friday, eventually ending the session at $10.23, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 84,53,468 shares. Company has a market cap of $8,172,409 M.

On the company’s financial health, Huntington Bancshares Incorporated reported $0.20 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $754.00 million for the quarter, compared to analysts expectations of $751.94 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Investors should note that on Apr 20, 2016, Huntington Bancshares Incorporated announced a cash dividend of $0.0700. The company’s management has announced Jun 15, 2016 as the ex-dividend date and fixed the record date on Jun 17, 2016. The payable date has been fixed on Jul 1, 2016.

Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. Company shares were Reiterated by FBR Capital on Apr 21, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 11 from a previous price target of $9.50 .Huntington Bancshares Incorporated was Upgraded by Sterne Agee CRT to ” Buy” on Apr 6, 2016.

Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary The Huntington National Bank (the Bank). It provides commercial small business consumer and mortgage banking services automobile financing equipment leasing investment management trust services brokerage services insurance programs and other financial products and services. It operates in five segments: Retail and Business Banking Commercial Banking Automobile Finance and Commercial Real Estate Regional Banking and The Huntington Private Client Group and Home Lending. Its loan portfolio includes commercial and industrial commercial real estate construction CRE automobile home equity residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches including 404 in Ohio 43 in Indiana 179 in Michigan 31 in West Virginia 48 in Pennsylvania and 10 in Kentucky.

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