Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,177 shares of the bank’s stock after selling 5,009 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Huntington Bancshares were worth $8,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Arvest Bank Trust Division bought a new position in shares of Huntington Bancshares during the third quarter worth about $2,381,000. Mediolanum International Funds Ltd acquired a new position in Huntington Bancshares during the 4th quarter valued at about $422,000. Donoghue Forlines LLC bought a new position in Huntington Bancshares in the 4th quarter worth about $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock valued at $12,414,000 after purchasing an additional 44,662 shares during the period. Finally, Petiole USA ltd bought a new stake in shares of Huntington Bancshares during the third quarter valued at approximately $3,454,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $14.40 on Wednesday. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $16.48 and a 200-day moving average of $16.13. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the firm earned $0.27 earnings per share. Analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Wall Street Analyst Weigh In

Several research firms recently commented on HBAN. Robert W. Baird upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Friday, March 7th. The Goldman Sachs Group raised their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Baird R W upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Barclays increased their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

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.