Huntington Bancshares Incorporated $HBAN Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,793,980 shares of the bank’s stock after selling 791,324 shares during the period. Bank of Montreal Can owned approximately 0.26% of Huntington Bancshares worth $63,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC acquired a new stake in Huntington Bancshares during the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in Huntington Bancshares during the second quarter valued at approximately $30,000. Quarry LP lifted its stake in Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Huntington Bancshares during the first quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in Huntington Bancshares during the first quarter valued at approximately $40,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Stock Down 0.7%

HBAN stock opened at $15.27 on Wednesday. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The company has a market cap of $22.28 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.66 and a beta of 0.96. The company has a 50 day moving average of $16.80 and a two-hundred day moving average of $16.35.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $469.00 million during the quarter. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be given a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.1%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating and set a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. Jefferies Financial Group reduced their price target on shares of Huntington Bancshares from $20.00 to $19.00 in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley lifted their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.66.

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.