State of Alaska Department of Revenue lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 41.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,648 shares of the bank’s stock after selling 130,199 shares during the period. State of Alaska Department of Revenue’s holdings in Huntington Bancshares were worth $2,634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. lifted its stake in shares of Huntington Bancshares by 106.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock worth $32,000 after purchasing an additional 1,189 shares during the period. HM Payson & Co. acquired a new stake in Huntington Bancshares in the 2nd quarter valued at $40,000. CSat Investment Advisory L.P. increased its holdings in Huntington Bancshares by 155.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 3,759 shares of the bank’s stock valued at $52,000 after purchasing an additional 2,289 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Huntington Bancshares by 28.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,414 shares of the bank’s stock valued at $61,000 after purchasing an additional 980 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Huntington Bancshares in the 1st quarter valued at $63,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Shares of NASDAQ HBAN traded up $0.09 during mid-day trading on Wednesday, reaching $13.58. 53,886 shares of the company traded hands, compared to its average volume of 10,822,431. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $15.66. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $14.45 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.52 and a beta of 1.45. The stock has a fifty day simple moving average of $13.75 and a 200-day simple moving average of $13.51.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a net margin of 25.77% and a return on equity of 14.23%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.3 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were given a $0.15 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 4.42%. Huntington Bancshares’s payout ratio is 50.00%.

Several analysts recently issued reports on HBAN shares. DA Davidson downgraded Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Friday, September 13th. They noted that the move was a valuation call. Macquarie cut shares of Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 price target on the stock. in a research report on Friday, July 12th. BMO Capital Markets cut shares of Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 price target on the stock. in a research report on Monday, July 8th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Raymond James set a $14.00 price target on shares of Huntington Bancshares and gave the stock a “buy” rating in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.09.

In other Huntington Bancshares news, EVP Nancy E. Maloney sold 2,604 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $14.57, for a total value of $37,940.28. Following the transaction, the executive vice president now owns 80,103 shares in the company, valued at $1,167,100.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.22% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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