National Bank of Canada FI Cuts Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

National Bank of Canada FI lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 73.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 357,857 shares of the bank’s stock after selling 971,785 shares during the quarter. National Bank of Canada FI’s holdings in Huntington Bancshares were worth $4,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of Huntington Bancshares by 33.0% during the third quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after purchasing an additional 7,271,405 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Huntington Bancshares by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock worth $186,421,000 after buying an additional 3,438,552 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $20,004,000. AQR Capital Management LLC grew its position in shares of Huntington Bancshares by 1,652.2% in the 3rd quarter. AQR Capital Management LLC now owns 1,806,333 shares of the bank’s stock valued at $18,786,000 after buying an additional 1,703,245 shares during the last quarter. Finally, Barclays PLC raised its stake in Huntington Bancshares by 31.6% during the 3rd quarter. Barclays PLC now owns 5,395,974 shares of the bank’s stock worth $56,117,000 after acquiring an additional 1,296,978 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 0.3 %

Huntington Bancshares stock opened at $14.06 on Friday. The stock’s 50 day moving average price is $13.54 and its 200 day moving average price is $12.54. The company has a market cap of $20.38 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09. 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 Incorporated has a 1-year low of $9.13 and a 1-year high of $14.10.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last issued its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the firm earned $0.38 EPS. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.41%. Huntington Bancshares’s payout ratio is 55.86%.

Insider Transactions at Huntington Bancshares

In related news, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares 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 completion of the transaction, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold 224,092 shares of company stock valued at $3,031,731 in the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HBAN shares. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Morgan Stanley restated an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Monday, April 22nd. Citigroup upped their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $15.50 in a research report on Tuesday, February 27th. Finally, UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. One 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 company’s stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Read Our Latest Stock Report on HBAN

About Huntington Bancshares

(Free Report)

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.

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

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