Investment Partners LTD. Sells 4,789 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Investment Partners LTD. trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,003 shares of the bank’s stock after selling 4,789 shares during the quarter. Investment Partners LTD.’s holdings in Huntington Bancshares were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HBAN. Wetzel Investment Advisors Inc. bought a new position in Huntington Bancshares in the fourth quarter worth $29,000. Planned Solutions Inc. bought a new position in Huntington Bancshares in the fourth quarter worth $33,000. Authentikos Wealth Advisory LLC bought a new position in Huntington Bancshares in the third quarter worth $35,000. Baker Avenue Asset Management LP lifted its position in 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 purchasing an additional 963 shares during the period. Finally, Allworth Financial LP lifted its position in Huntington Bancshares by 184.0% in the fourth quarter. Allworth Financial LP now owns 4,007 shares of the bank’s stock worth $51,000 after purchasing an additional 2,596 shares during the period. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Down 0.2 %

Shares of Huntington Bancshares stock traded down $0.03 during trading on Friday, hitting $13.55. 12,209,161 shares of the company were exchanged, compared to its average volume of 16,849,608. The firm has a market capitalization of $19.62 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $14.07. The firm’s fifty day moving average price is $13.36 and its 200 day moving average price is $12.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results 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. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the previous year, the company earned $0.38 EPS. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.58%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s payout ratio is 55.86%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,948 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the sale, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now directly owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kendall A. Kowalski sold 15,948 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the transaction, the insider now directly owns 21,102 shares in the company, valued at $284,243.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,189 shares of company stock worth $2,664,978. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HBAN. Citigroup raised their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Monday, April 8th. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $12.00 to $15.00 in a research note on Tuesday, January 2nd. Morgan Stanley restated an “overweight” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. One research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

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.