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

Gibraltar Capital Management Inc. trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 74.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,648 shares of the bank’s stock after selling 76,692 shares during the period. Gibraltar Capital Management Inc.’s holdings in Huntington Bancshares were worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new position in Huntington Bancshares during the 4th quarter valued at approximately $29,000. Planned Solutions Inc. purchased a new stake in Huntington Bancshares in the fourth quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at $35,000. Baker Avenue Asset Management LP increased its stake in shares of Huntington Bancshares by 31.8% in the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after acquiring an additional 963 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Huntington Bancshares during the third quarter valued at approximately $51,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the transaction, the chief financial officer now owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,489 shares of company stock valued at $2,286,999. 0.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HBAN shares. Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Citigroup lifted their price objective 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. UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, February 14th. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Finally, Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and raised their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six 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, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $15.17.

Huntington Bancshares Stock Down 0.7 %

Shares of Huntington Bancshares stock traded down $0.10 during trading on Tuesday, reaching $13.47. The company had a trading volume of 15,679,438 shares, compared to its average volume of 17,599,072. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.07. The firm’s fifty day moving average is $13.38 and its 200-day moving average is $12.31.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business posted $0.38 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.60%. Huntington Bancshares’s dividend 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.