Gilliland Jeter Wealth Management LLC Trims Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Gilliland Jeter Wealth Management LLC lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 61,715 shares of the bank’s stock after selling 4,702 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Huntington Bancshares were worth $907,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Boston Partners boosted its position in shares of Huntington Bancshares by 20.4% in the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after purchasing an additional 9,533,511 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Huntington Bancshares by 0.4% in the second quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank’s stock worth $236,640,000 after acquiring an additional 65,355 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Huntington Bancshares by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock valued at $208,346,000 after acquiring an additional 561,565 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Huntington Bancshares by 9.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank’s stock worth $85,940,000 after purchasing an additional 566,015 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Huntington Bancshares by 832.7% during the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock valued at $46,927,000 after purchasing an additional 2,979,768 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insiders Place Their Bets

In other news, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at $167,331.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 11,288 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the transaction, the insider now directly owns 618,832 shares in the company, valued at $9,294,856.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,622 shares of company stock worth $1,762,904. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 0.5 %

NASDAQ HBAN opened at $15.36 on Monday. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $16.03. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $22.26 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The stock’s 50-day moving average price is $14.56 and its 200-day moving average price is $13.93.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter last year, the business earned $0.36 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.04%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HBAN shares. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Evercore ISI decreased their price target on Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. Piper Sandler boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.91.

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.