Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) fell 1.6% during mid-day trading on Thursday . The company traded as low as $9.49 and last traded at $9.51, with a volume of 130,862,054 shares changing hands. The stock had previously closed at $9.66.

A number of research firms have recently issued reports on HBAN. Sanford C. Bernstein lifted their price objective on shares of Huntington Bancshares from $11.00 to $12.00 and gave the company a “market perform” rating in a research note on Thursday, April 21st. FBR & Co upgraded shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and set a $11.00 price objective on the stock in a research note on Monday, July 11th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $9.50 price objective on shares of Huntington Bancshares in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, Jefferies Group reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Thursday, August 4th. Fifteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.08.

The firm has a 50 day moving average of $9.27 and a 200-day moving average of $9.48. The company has a market capitalization of $7.60 billion and a price-to-earnings ratio of 12.19.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.02. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, analysts forecast that Huntington Bancshares Inc. will post $0.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be given a $0.07 dividend. The ex-dividend date is Thursday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 2.94%.

In related news, EVP David S. Anderson sold 25,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $10.36, for a total value of $259,000.00. Following the completion of the transaction, the executive vice president now directly owns 115,783 shares in the company, valued at $1,199,511.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Neumeyer sold 9,662 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $10.61, for a total value of $102,513.82. Following the completion of the transaction, the executive vice president now owns 368,576 shares of the company’s stock, valued at $3,910,591.36. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of HBAN. US Bancorp DE raised its position in shares of Huntington Bancshares by 22.1% in the fourth quarter. US Bancorp DE now owns 143,864 shares of the company’s stock worth $1,591,000 after buying an additional 26,060 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Huntington Bancshares by 239.8% in the fourth quarter. GSA Capital Partners LLP now owns 91,096 shares of the company’s stock worth $1,008,000 after buying an additional 64,291 shares during the last quarter. Airain ltd purchased a new position in shares of Huntington Bancshares during the fourth quarter worth approximately $4,930,000. I.G. Investment Management LTD. raised its position in shares of Huntington Bancshares by 5.9% in the fourth quarter. I.G. Investment Management LTD. now owns 1,607,900 shares of the company’s stock worth $17,783,000 after buying an additional 89,300 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Huntington Bancshares by 4.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 106,615 shares of the company’s stock worth $1,179,000 after buying an additional 4,471 shares during the last quarter.

Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.

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