Huntington Bancshares Incorporated $HBAN Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 170,132 shares of the bank’s stock after selling 37,968 shares during the quarter. Ethic Inc.’s holdings in Huntington Bancshares were worth $2,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HBAN. Corient Private Wealth LP bought a new position in Huntington Bancshares in the second quarter worth approximately $21,187,000. Equitable Holdings Inc. purchased a new stake in Huntington Bancshares during the second quarter worth $1,093,000. Bank of America Corp DE bought a new stake in Huntington Bancshares during the 2nd quarter valued at $256,772,000. Community Trust & Investment Co. bought a new stake in Huntington Bancshares during the 3rd quarter valued at $3,131,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Huntington Bancshares during the 2nd quarter valued at $16,579,000. Institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Huntington Bancshares from $17.50 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Jefferies Financial Group dropped their price objective on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, September 24th. DA Davidson dropped their price objective on Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Weiss Ratings lowered Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. Finally, Stephens reduced their target price on shares of Huntington Bancshares from $19.00 to $18.00 in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $18.89.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $15.88 on Thursday. The firm’s fifty day simple moving average is $15.79 and its two-hundred day simple moving average is $16.62. The firm has a market capitalization of $32.08 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.02 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. Huntington Bancshares Incorporated has a 12-month low of $14.82 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. During the same quarter in the prior year, the business posted $0.41 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.54 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 18th will be given a dividend of $0.1550 per share. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 51.24%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III purchased 14,000 shares of the stock in a transaction on Monday, October 26th. The stock was acquired at an average price of $18.12 per share, with a total value of $253,680.00. Following the completion of the acquisition, the director owned 15,500 shares in the company, valued at $280,860. The trade was a 933.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Donnell R. White sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $15.87, for a total value of $47,610.00. Following the sale, the senior vice president owned 23,697 shares in the company, valued at $376,071.39. The trade was a 11.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is currently owned by corporate insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus. Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.