Tredje AP fonden Sells 119,933 Shares of Huntington Bancshares Incorporated $HBAN

Tredje AP fonden decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 57.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,543 shares of the bank’s stock after selling 119,933 shares during the quarter. Tredje AP fonden’s holdings in Huntington Bancshares were worth $1,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parcion Private Wealth LLC boosted its stake in Huntington Bancshares by 6.2% during the third quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after buying an additional 648 shares during the period. Strategic Planning Inc. raised its stake in shares of Huntington Bancshares by 0.3% in the third quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after acquiring an additional 670 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Huntington Bancshares by 1.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 73,147 shares of the bank’s stock worth $1,263,000 after acquiring an additional 758 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Huntington Bancshares by 3.1% in the 3rd quarter. Wedmont Private Capital now owns 27,294 shares of the bank’s stock worth $457,000 after acquiring an additional 808 shares during the last quarter. Finally, Chris Bulman Inc boosted its stake in shares of Huntington Bancshares by 7.8% during the 3rd quarter. Chris Bulman Inc now owns 11,698 shares of the bank’s stock worth $202,000 after purchasing an additional 847 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 0.9%

NASDAQ:HBAN opened at $18.01 on Monday. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $19.45. The company has a 50-day moving average of $17.86 and a 200 day moving average of $17.05. The firm has a market cap of $36.56 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the business posted $0.34 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.4%. Huntington Bancshares’s payout ratio is 44.60%.

Insider Activity at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 2,481 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the completion of the sale, the insider directly owned 71,566 shares in the company, valued at $1,273,874.80. This represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Amit Dhingra sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $18.50, for a total value of $185,000.00. Following the sale, the insider directly owned 155,634 shares in the company, valued at approximately $2,879,229. The trade was a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,145 shares of company stock valued at $929,885 over the last 90 days. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods cut their target price on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. TD Cowen boosted their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Evercore initiated coverage on Huntington Bancshares in a research report on Tuesday, February 3rd. They issued an “outperform” rating and a $21.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.