Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 36.0% during the third quarter, HoldingsChannel.com reports. The fund owned 48,680 shares of the bank’s stock after selling 27,360 shares during the period. Everence Capital Management Inc.’s holdings in Huntington Bancshares were worth $716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HBAN. Wellington Management Group LLP boosted its position in Huntington Bancshares by 64.2% during the fourth quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock worth $3,877,000 after acquiring an additional 119,178 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Huntington Bancshares during the fourth quarter worth about $372,000. First Hawaiian Bank raised its stake in Huntington Bancshares by 111.0% during the first quarter. First Hawaiian Bank now owns 26,641 shares of the bank’s stock worth $372,000 after purchasing an additional 14,013 shares during the period. Wedmont Private Capital raised its stake in Huntington Bancshares by 7.2% during the first quarter. Wedmont Private Capital now owns 14,262 shares of the bank’s stock worth $200,000 after purchasing an additional 960 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Huntington Bancshares by 1.3% during the first quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock worth $880,000 after purchasing an additional 794 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the transaction, the chief financial officer now directly owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares in the company, valued at approximately $4,021,690.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,622 shares of company stock valued at $1,762,904. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Argus lifted their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Piper Sandler lifted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday. Bank of America upped their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.03.

Huntington Bancshares Stock Down 0.4 %

Shares of NASDAQ HBAN traded down $0.06 during mid-day trading on Monday, reaching $15.30. The company had a trading volume of 6,862,937 shares, compared to its average volume of 16,205,523. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a 50 day simple moving average of $14.56 and a two-hundred day simple moving average of $13.93. The stock has a market cap of $22.17 billion, a P/E ratio of 13.73, a PEG ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 52-week low of $9.25 and a 52-week high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $0.36 EPS. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s payout ratio is currently 55.86%.

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.