Huntington Bancshares Incorporated $HBAN Stock Sold by Ethic Inc.

Ethic Inc. reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.2% in the third quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $29,000. TD Waterhouse Canada Inc. raised its holdings in shares of Huntington Bancshares by 90.7% during the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after purchasing an additional 800 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Huntington Bancshares during the second quarter valued at approximately $31,000. N.E.W. Advisory Services LLC bought a new position in Huntington Bancshares during the second quarter valued at approximately $35,000. Finally, Livelsberger Financial Advisory bought a new position in Huntington Bancshares during the third quarter valued at approximately $31,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stephens dropped their price target on Huntington Bancshares from $19.00 to $18.00 in a research note on Tuesday, September 22nd. Zacks Research downgraded Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. UBS Group set a $18.00 target price on Huntington Bancshares in a research report on Tuesday, October 6th. Jefferies Financial Group cut their price target on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, September 24th. Finally, Citigroup reduced their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, October 26th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.89.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, SVP Donnell White sold 3,000 shares of the stock in a transaction on 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. This trade represents a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Torgow bought 12,700 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were acquired at an average price of $15.73 per share, with a total value of $199,771.00. Following the completion of the transaction, the director owned 956,041 shares of the company’s stock, valued at approximately $15,038,524.93. The trade was a 1.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.67% of the stock is currently owned by corporate insiders.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $15.88 on Thursday. Huntington Bancshares Incorporated has a 52 week low of $14.82 and a 52 week high of $19.45. The stock has a market capitalization of $32.08 billion, a P/E ratio of 13.12, a PEG ratio of 1.02 and a beta of 0.97. The firm has a fifty day simple moving average of $15.79 and a two-hundred day simple moving average of $16.62. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.41 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be given a $0.1550 dividend. 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 51.24%.

About Huntington Bancshares

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.