Heartland Bank & Trust Co Sells 1,079 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Heartland Bank & Trust Co trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,754 shares of the bank’s stock after selling 1,079 shares during the quarter. Heartland Bank & Trust Co’s holdings in Huntington Bancshares were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Asset Dedication LLC grew its position in shares of Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after buying an additional 1,202 shares during the last quarter. Peoples Bank KS bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth approximately $29,000. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the 1st quarter worth approximately $29,000. Hazlett Burt & Watson Inc. grew its position in shares of Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after buying an additional 2,003 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of Huntington Bancshares in the 1st quarter worth approximately $40,000. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 11,288 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now owns 618,832 shares of the company’s stock, valued at $9,294,856.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Helga Houston sold 11,288 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the transaction, the insider now directly owns 618,832 shares of the company’s stock, valued at $9,294,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HBAN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Robert W. Baird lowered Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Friday, July 26th. Citigroup lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Barclays lifted their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.03.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $15.54 on Thursday. The stock has a market cap of $22.52 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $16.03. The stock has a fifty day moving average of $14.68 and a 200 day moving average of $13.97.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.99%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Huntington Bancshares Profile

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.