Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Investors Research Corp

Investors Research Corp lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 47,028 shares of the bank’s stock after selling 6,475 shares during the period. Investors Research Corp’s holdings in Huntington Bancshares were worth $598,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. California Public Employees Retirement System lifted its stake in shares of Huntington Bancshares by 2.3% during the third quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock worth $29,066,000 after buying an additional 62,674 shares during the period. Comerica Bank purchased a new stake in Huntington Bancshares during the 3rd quarter valued at about $5,261,000. Vest Financial LLC increased its holdings in shares of Huntington Bancshares by 16.5% in the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after purchasing an additional 141,410 shares during the period. Bank of Nova Scotia raised its stake in shares of Huntington Bancshares by 199.6% in the third quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock worth $3,893,000 after purchasing an additional 249,356 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Huntington Bancshares by 5.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock worth $1,256,000 after purchasing an additional 5,740 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The disclosure for this sale can be found here. Insiders sold 102,241 shares of company stock valued at $1,360,359 over the last quarter. 0.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on HBAN shares. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Evercore ISI raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Raymond James upped their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a report on Tuesday, December 26th. The Goldman Sachs Group lifted their price objective on Huntington Bancshares from $12.50 to $14.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Finally, Keefe, Bruyette & Woods upped their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.97.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $13.26 on Tuesday. The stock has a market capitalization of $19.23 billion, a P/E ratio of 10.69, a P/E/G ratio of 2.47 and a beta of 1.11. The company’s fifty day moving average price is $13.20 and its 200 day moving average price is $12.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. Huntington Bancshares Incorporated has a 1 year low of $9.13 and a 1 year high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.15. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same quarter last year, the business earned $0.43 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were paid a dividend of $0.155 per share. The ex-dividend date was Friday, March 15th. This represents a $0.62 annualized dividend and a yield of 4.68%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.00%.

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.