Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Position Lowered by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 414,248 shares of the bank’s stock after selling 6,090 shares during the period. Harvest Portfolios Group Inc.’s holdings in Huntington Bancshares were worth $6,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norden Group LLC bought a new position in shares of Huntington Bancshares during the 1st quarter valued at about $551,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Huntington Bancshares by 48.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 749,090 shares of the bank’s stock valued at $10,061,000 after buying an additional 244,400 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Huntington Bancshares in the 1st quarter worth $88,000. Daiwa Securities Group Inc. lifted its holdings in shares of Huntington Bancshares by 7.2% during the first quarter. Daiwa Securities Group Inc. now owns 143,312 shares of the bank’s stock valued at $1,999,000 after purchasing an additional 9,564 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Huntington Bancshares by 49.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 71,094 shares of the bank’s stock worth $992,000 after purchasing an additional 23,438 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction 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 owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Up 7.7 %

HBAN opened at $16.74 on Wednesday. The business has a 50 day moving average of $14.93 and a 200-day moving average of $14.11. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 3.15 and a beta of 1.03. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 1-year low of $10.10 and a 1-year high of $16.74.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current year.

Huntington Bancshares Announces Dividend

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 issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s payout ratio is presently 59.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Robert W. Baird cut Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Huntington Bancshares in a research report on Friday, October 18th. Finally, Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $16.09.

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.