Foster & Motley Inc. Has $268,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Foster & Motley Inc. reduced its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,104 shares of the bank’s stock after selling 1,379 shares during the quarter. Foster & Motley Inc.’s holdings in Huntington Bancshares were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HBAN. Duality Advisers LP bought a new position in Huntington Bancshares during the fourth quarter worth $573,000. OLD National Bancorp IN acquired a new stake in Huntington Bancshares in the 4th quarter worth $410,000. CWM LLC increased its holdings in shares of Huntington Bancshares by 8.4% during the 4th quarter. CWM LLC now owns 177,872 shares of the bank’s stock worth $2,263,000 after purchasing an additional 13,844 shares during the period. Signaturefd LLC raised its position in shares of Huntington Bancshares by 33.4% during the fourth quarter. Signaturefd LLC now owns 29,748 shares of the bank’s stock valued at $378,000 after buying an additional 7,449 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Huntington Bancshares by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 4,530 shares of the bank’s stock valued at $58,000 after buying an additional 1,371 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $13.76 on Thursday. The firm has a 50 day moving average of $13.33 and a 200-day moving average of $12.22. Huntington Bancshares Incorporated has a 1 year low of $9.13 and a 1 year high of $14.07. The stock has a market capitalization of $19.95 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

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

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders 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 dividend yield of 4.51%. Huntington Bancshares’s payout ratio is 55.86%.

Insider Activity

In related news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 28,700 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at $7,483,483.74. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock valued at $1,360,359 over the last three months. 0.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HBAN shares. Royal Bank of Canada upped their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. raised their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Citigroup lifted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Finally, DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Huntington Bancshares Company 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.