Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 55,755 shares of the bank’s stock after selling 5,300 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Huntington Bancshares were worth $820,000 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. Vinva Investment Management Ltd raised its position in shares of Huntington Bancshares by 32.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 53,875 shares of the bank’s stock valued at $789,000 after purchasing an additional 13,211 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Huntington Bancshares by 3.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 253,638 shares of the bank’s stock valued at $3,728,000 after purchasing an additional 7,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after buying an additional 44,662 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of Huntington Bancshares by 37.8% during the third quarter. Townsquare Capital LLC now owns 46,134 shares of the bank’s stock worth $678,000 after buying an additional 12,660 shares during the period. Finally, Cadence Bank grew its holdings in shares of Huntington Bancshares by 15.4% during the third quarter. Cadence Bank now owns 21,269 shares of the bank’s stock valued at $313,000 after buying an additional 2,838 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $18.01 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The company’s fifty day moving average price is $15.99 and its 200 day moving average price is $14.58. The stock has a market capitalization of $26.17 billion, a P/E ratio of 17.29, a P/E/G ratio of 3.59 and a beta of 1.03. Huntington Bancshares Incorporated has a 1 year low of $11.10 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the previous year, the company earned $0.36 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.44%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insider Transactions at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock valued at $757,356 over the last ninety days. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target on shares of Huntington Bancshares in a research note on Friday, October 18th. The Goldman Sachs Group upped their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson raised their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Monday, October 21st. Evercore ISI lifted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $16.62.

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.