Arvest Trust Co. N A Reduces Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Arvest Trust Co. N A lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,270 shares of the bank’s stock after selling 38,445 shares during the period. Arvest Trust Co. N A’s holdings in Huntington Bancshares were worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Huntington Bancshares by 1.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock worth $712,000 after acquiring an additional 830 shares during the period. Guardian Wealth Management Inc. increased its holdings in shares of Huntington Bancshares by 3.5% in the 1st quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock worth $363,000 after buying an additional 835 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Huntington Bancshares by 12.0% in the 4th quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after buying an additional 904 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of Huntington Bancshares by 31.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after buying an additional 963 shares during the last quarter. Finally, First Manhattan Co. increased its holdings in shares of Huntington Bancshares by 0.4% in the 4th quarter. First Manhattan Co. now owns 262,161 shares of the bank’s stock worth $3,696,000 after buying an additional 974 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the sale, the insider now directly owns 568,222 shares in the company, valued at $7,483,483.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the sale, the director now owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock valued at $1,360,359 in the last three months. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 0.6 %

Shares of NASDAQ:HBAN traded up $0.08 on Friday, hitting $13.60. The company had a trading volume of 14,366,868 shares, compared to its average volume of 17,500,100. The firm’s 50-day simple moving average is $13.09 and its two-hundred day simple moving average is $11.89. Huntington Bancshares Incorporated has a 1 year low of $9.13 and a 1 year high of $13.97. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of 10.92 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.12 by $0.15. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the company posted $0.43 EPS. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a dividend of $0.155 per share. The ex-dividend date was Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.56%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup increased their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, The Goldman Sachs Group increased their target price on shares of Huntington Bancshares from $12.50 to $14.00 and gave the company a “buy” rating in a report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.22.

Huntington Bancshares Profile

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.