Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,403 shares of the bank's stock after selling 15,129 shares during the period. Nisa Investment Advisors LLC's holdings in Huntington Bancshares were worth $5,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp increased its holdings in Huntington Bancshares by 31.8% in the first quarter. M&T Bank Corp now owns 78,718 shares of the bank's stock valued at $1,182,000 after buying an additional 18,976 shares in the last quarter. Values First Advisors Inc. increased its holdings in Huntington Bancshares by 22.5% in the first quarter. Values First Advisors Inc. now owns 27,536 shares of the bank's stock valued at $413,000 after buying an additional 5,054 shares in the last quarter. Brown Advisory Inc. increased its holdings in Huntington Bancshares by 13.5% in the first quarter. Brown Advisory Inc. now owns 36,467 shares of the bank's stock valued at $547,000 after buying an additional 4,347 shares in the last quarter. Gilliland Jeter Wealth Management LLC increased its holdings in Huntington Bancshares by 3.0% in the first quarter. Gilliland Jeter Wealth Management LLC now owns 61,423 shares of the bank's stock valued at $922,000 after buying an additional 1,803 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Huntington Bancshares by 1.9% in the first quarter. TD Private Client Wealth LLC now owns 217,798 shares of the bank's stock valued at $3,269,000 after buying an additional 4,020 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Trading Down 1.0%

NASDAQ:HBAN traded down $0.17 on Friday, hitting $17.39. The stock had a trading volume of 19,466,724 shares, compared to its average volume of 18,985,327. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.32 and a beta of 0.93. The company has a fifty day moving average price of $16.10 and a two-hundred day moving average price of $15.70. Huntington Bancshares Incorporated has a 1-year low of $11.92 and a 1-year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.89 billion. Huntington Bancshares had a net margin of 16.94% and a return on equity of 11.44%. During the same period in the previous year, the business posted $0.27 EPS. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares declared that its Board of Directors has approved a stock repurchase program on Thursday, April 17th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were issued a $0.155 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.62 annualized dividend and a yield of 3.57%. Huntington Bancshares's payout ratio is 47.33%.

Insider Buying and Selling

In other news, EVP Marcy C. Hingst sold 13,700 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $216,323.00. Following the transaction, the executive vice president directly owned 337,879 shares in the company, valued at approximately $5,335,109.41. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 59,060 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $14.36, for a total transaction of $848,101.60. Following the completion of the transaction, the chief financial officer owned 277,348 shares in the company, valued at approximately $3,982,717.28. This represents a 17.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,375 shares of company stock worth $3,049,277 over the last ninety days. 0.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Huntington Bancshares in a research note on Wednesday, May 21st. They set a "buy" rating and a $20.00 target price for the company. Wall Street Zen cut shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Sunday. Keefe, Bruyette & Woods cut their target price on shares of Huntington Bancshares from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Royal Bank Of Canada cut their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, Citigroup boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have issued 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 $18.48.

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.