Anchor Investment Management LLC Lowers Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Anchor Investment Management LLC lowered its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,500 shares of the bank’s stock after selling 1,000 shares during the period. Anchor Investment Management LLC’s holdings in Huntington Bancshares were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Huntington Bancshares by 26.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 133,649 shares of the bank’s stock valued at $1,761,000 after acquiring an additional 28,174 shares in the last quarter. ORG Partners LLC increased its stake in Huntington Bancshares by 354.9% during the 2nd quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after purchasing an additional 2,594 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Huntington Bancshares by 2.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 230,854 shares of the bank’s stock worth $3,043,000 after buying an additional 5,261 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Huntington Bancshares by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 54,287 shares of the bank’s stock worth $716,000 after buying an additional 814 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Huntington Bancshares by 40.6% during the second quarter. Blue Trust Inc. now owns 11,822 shares of the bank’s stock valued at $165,000 after buying an additional 3,415 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

HBAN has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Citigroup upped their price target on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays lifted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $17.41.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.17 on Friday. The stock’s fifty day moving average is $16.65 and its 200 day moving average is $14.85. Huntington Bancshares Incorporated has a one year low of $12.02 and a one year high of $18.44. 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 stock has a market cap of $24.94 billion, a P/E ratio of 16.51, a P/E/G ratio of 3.47 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the previous year, the firm earned $0.36 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 3.61%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares 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 sale, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This trade 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 worth $757,356 in the last three months. Company insiders own 0.89% of the company’s stock.

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.