Huntington Bancshares Incorporated (NASDAQ:HBAN) Holdings Trimmed by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,125,254 shares of the bank’s stock after selling 41,466 shares during the period. Stifel Financial Corp’s holdings in Huntington Bancshares were worth $16,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Systematic Financial Management LP boosted its holdings in shares of Huntington Bancshares by 35.6% during the third quarter. Systematic Financial Management LP now owns 115,010 shares of the bank’s stock worth $1,691,000 after purchasing an additional 30,195 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Huntington Bancshares by 13.7% during the 3rd quarter. Quantinno Capital Management LP now owns 117,036 shares of the bank’s stock valued at $1,720,000 after buying an additional 14,089 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of Huntington Bancshares by 3.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 552,112 shares of the bank’s stock valued at $8,116,000 after acquiring an additional 18,699 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Huntington Bancshares by 37.4% in the third quarter. Point72 Asset Management L.P. now owns 4,402,801 shares of the bank’s stock worth $64,721,000 after acquiring an additional 1,199,012 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in shares of Huntington Bancshares by 57.9% during the third quarter. IHT Wealth Management LLC now owns 26,775 shares of the bank’s stock worth $390,000 after acquiring an additional 9,817 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $17.24 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market cap of $25.05 billion, a P/E ratio of 16.58, a PEG ratio of 3.51 and a beta of 1.06. The company has a fifty day moving average price of $16.47 and a 200 day moving average price of $14.79. Huntington Bancshares Incorporated has a one year low of $11.77 and a one year high of $18.44.

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

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.60%. Huntington Bancshares’s payout ratio is 59.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HBAN. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Evercore ISI boosted their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, DA Davidson increased their target price 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.24.

Insider Buying and Selling

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Helga Houston sold 6,455 shares of the company’s 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 owns 558,342 shares in the company, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock valued at $757,356 over the last ninety days. 0.89% of the stock is owned by company insiders.

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.