Blair William & Co. IL Reduces Stock Position in Huntington Bancshares Incorporated $HBAN

Blair William & Co. IL lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 561,307 shares of the bank's stock after selling 21,961 shares during the period. Blair William & Co. IL's holdings in Huntington Bancshares were worth $9,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in shares of Huntington Bancshares by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 28,301 shares of the bank's stock valued at $423,000 after purchasing an additional 15,984 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Huntington Bancshares by 6.4% in the 1st quarter. GAMMA Investing LLC now owns 42,196 shares of the bank's stock valued at $633,000 after purchasing an additional 2,540 shares in the last quarter. CX Institutional boosted its stake in shares of Huntington Bancshares by 6.0% in the 1st quarter. CX Institutional now owns 20,337 shares of the bank's stock valued at $305,000 after purchasing an additional 1,145 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Huntington Bancshares by 41.1% in the 1st quarter. Fifth Third Bancorp now owns 125,450 shares of the bank's stock valued at $1,883,000 after purchasing an additional 36,546 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in shares of Huntington Bancshares by 54.2% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 18,523 shares of the bank's stock valued at $278,000 after purchasing an additional 6,510 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Insider Activity

In related news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on HBAN shares. Citigroup increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Wolfe Research raised shares of Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price target for the company in a research report on Thursday, July 3rd. Morgan Stanley increased their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. DA Davidson increased their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.37.

Huntington Bancshares Trading Down 4.5%

HBAN stock opened at $15.60 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. The firm's fifty day simple moving average is $17.10 and its two-hundred day simple moving average is $16.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. The firm had revenue of $469.00 million for the quarter. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.155 per share. The ex-dividend date was Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares's dividend payout ratio is 45.93%.

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.

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