Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Investment Partners LTD.

Investment Partners LTD. cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,003 shares of the bank’s stock after selling 4,789 shares during the quarter. Investment Partners LTD.’s holdings in Huntington Bancshares were worth $941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in Huntington Bancshares by 208.2% during the third quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock worth $753,000 after purchasing an additional 48,913 shares during the period. Caprock Group LLC raised its stake in Huntington Bancshares by 51.0% during the third quarter. Caprock Group LLC now owns 25,311 shares of the bank’s stock worth $268,000 after purchasing an additional 8,550 shares during the period. Czech National Bank raised its stake in shares of Huntington Bancshares by 48.1% in the 3rd quarter. Czech National Bank now owns 253,060 shares of the bank’s stock valued at $2,632,000 after acquiring an additional 82,165 shares during the period. Golden State Equity Partners raised its stake in shares of Huntington Bancshares by 3.8% in the 3rd quarter. Golden State Equity Partners now owns 36,821 shares of the bank’s stock valued at $383,000 after acquiring an additional 1,365 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Huntington Bancshares by 2.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 548,316 shares of the bank’s stock valued at $5,702,000 after acquiring an additional 15,139 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

NASDAQ:HBAN traded down $0.03 during trading hours on Friday, reaching $13.55. 12,209,161 shares of the company’s stock were exchanged, compared to its average volume of 16,849,608. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 2.50 and a beta of 1.11. The company has a 50-day moving average of $13.36 and a 200 day moving average of $12.26. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the prior year, the business earned $0.38 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.58%. Huntington Bancshares’s payout ratio is currently 55.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HBAN shares. Keefe, Bruyette & Woods boosted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Citigroup boosted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their price target for the company from $14.00 to $16.00 in a research note on Monday, April 8th. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.17.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the transaction, the chief financial officer now owns 305,884 shares in the company, valued at approximately $4,178,375.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now owns 305,884 shares in the company, valued at approximately $4,178,375.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total transaction of $680,000.00. Following the completion of the transaction, the vice president now owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,189 shares of company stock worth $2,664,978. 0.89% of the stock is owned by insiders.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.