Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC lessened its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 93.0% during the fourth quarter, Holdings Channel reports. The firm owned 15,456 shares of the bank’s stock after selling 205,438 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Huntington Bancshares were worth $197,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HBAN. Wetzel Investment Advisors Inc. acquired a new stake in Huntington Bancshares during the 4th quarter worth approximately $29,000. Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares in the fourth quarter worth about $33,000. Authentikos Wealth Advisory LLC purchased a new position in Huntington Bancshares in the third quarter valued at about $35,000. Baker Avenue Asset Management LP grew its stake in Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after purchasing an additional 963 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Huntington Bancshares during the 3rd quarter worth approximately $51,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 1.3 %

Shares of NASDAQ HBAN opened at $13.65 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $14.07. The company has a market cap of $19.77 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock’s 50 day simple moving average is $13.39 and its 200 day simple moving average is $12.33.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business posted $0.38 earnings per share. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s payout ratio is 55.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HBAN shares. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Morgan Stanley reiterated an “overweight” rating and set a $16.00 price objective on shares of Huntington Bancshares in a research note on Monday, April 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Citigroup upped their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Insiders Place Their Bets

In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the sale, the chief financial officer now owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was 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 of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Julie C. Tutkovics sold 15,541 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 196,754 shares of company stock worth $2,655,350. Insiders own 0.89% of the company’s stock.

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.