Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Position Lessened by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 50,733,974 shares of the bank’s stock after selling 3,260,611 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Huntington Bancshares were worth $707,740,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HBAN. American Century Companies Inc. lifted its holdings in shares of Huntington Bancshares by 47.2% in the third quarter. American Century Companies Inc. now owns 501,881 shares of the bank’s stock valued at $5,220,000 after buying an additional 160,867 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Huntington Bancshares by 18.8% in the fourth quarter. SG Americas Securities LLC now owns 86,009 shares of the bank’s stock valued at $1,094,000 after buying an additional 13,605 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Huntington Bancshares by 87.4% in the fourth quarter. HB Wealth Management LLC now owns 22,956 shares of the bank’s stock valued at $292,000 after buying an additional 10,709 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 2.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,872,868 shares of the bank’s stock valued at $23,823,000 after buying an additional 51,252 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 6.4% in the fourth quarter. Pacer Advisors Inc. now owns 96,858 shares of the bank’s stock valued at $1,232,000 after buying an additional 5,794 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the transaction, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares in the company, valued at approximately $4,021,690.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the sale, the insider now owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,165 shares of company stock valued at $2,301,069. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HBAN. Citigroup upped their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods reduced their target price on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Friday. UBS Group reduced their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Finally, Evercore ISI reduced their price objective on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.47.

Huntington Bancshares Stock Up 0.5 %

HBAN stock traded up $0.07 during mid-day trading on Friday, hitting $15.13. The stock had a trading volume of 17,412,332 shares, compared to its average volume of 20,461,926. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.09 and a beta of 1.06. The company has a fifty day moving average of $13.45 and a 200 day moving average of $13.31. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $15.24.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is 55.86%.

About Huntington Bancshares

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.