Keybank National Association OH cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,960 shares of the bank’s stock after selling 59,773 shares during the period. Keybank National Association OH’s holdings in Huntington Bancshares were worth $2,041,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HBAN. Lincoln National Corp increased its position in shares of Huntington Bancshares by 0.6% in the second quarter. Lincoln National Corp now owns 14,350 shares of the bank’s stock worth $194,000 after buying an additional 84 shares during the period. Formidable Asset Management LLC increased its position in shares of Huntington Bancshares by 0.6% in the first quarter. Formidable Asset Management LLC now owns 16,520 shares of the bank’s stock worth $216,000 after buying an additional 100 shares during the period. Cleararc Capital Inc. increased its position in shares of Huntington Bancshares by 0.7% in the first quarter. Cleararc Capital Inc. now owns 26,527 shares of the bank’s stock worth $355,000 after buying an additional 176 shares during the period. Janney Capital Management LLC increased its position in shares of Huntington Bancshares by 0.6% in the second quarter. Janney Capital Management LLC now owns 29,185 shares of the bank’s stock worth $394,000 after buying an additional 179 shares during the period. Finally, North Star Asset Management Inc. increased its position in shares of Huntington Bancshares by 1.6% in the first quarter. North Star Asset Management Inc. now owns 12,656 shares of the bank’s stock worth $169,000 after buying an additional 200 shares during the period. 74.16% of the stock is owned by institutional investors.

Huntington Bancshares Incorporated (NASDAQ HBAN) opened at 12.70 on Friday. The company has a 50 day moving average price of $13.06 and a 200 day moving average price of $13.24. The firm has a market capitalization of $13.84 billion, a P/E ratio of 17.59 and a beta of 1.37. Huntington Bancshares Incorporated has a 52-week low of $9.52 and a 52-week high of $14.74.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $0.19 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post $0.92 EPS for the current fiscal year.

Huntington Bancshares announced that its Board of Directors has approved a stock buyback program on Wednesday, June 28th that authorizes the company to buyback $308.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.32 annualized dividend and a yield of 2.52%. Huntington Bancshares’s dividend payout ratio is currently 46.38%.

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A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Huntington Bancshares and gave the stock a “hold” rating in a research note on Saturday, June 24th. BidaskClub downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating on shares of Huntington Bancshares in a research note on Monday, July 3rd. BMO Capital Markets reissued a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a research note on Friday, June 9th. Finally, Instinet reissued a “buy” rating and issued a $16.00 price objective (up previously from $15.00) on shares of Huntington Bancshares in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Huntington Bancshares currently has a consensus rating of “Buy” and an average price target of $14.96.

In related news, Director Richard W. Neu purchased 2,450 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average cost of $13.10 per share, for a total transaction of $32,095.00. Following the purchase, the director now directly owns 184,596 shares of the company’s stock, valued at $2,418,207.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas G. Stanutz sold 16,000 shares of Huntington Bancshares stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total transaction of $203,360.00. Following the sale, the executive vice president now owns 447,722 shares in the company, valued at $5,690,546.62. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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