Huntington Bancshares Incorporated $HBAN Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC has reduced its holdings in Huntington Bancshares by 52.8%, now owning 51,428 shares valued at approximately $772,000.
• Insider sales were reported, with EVP Marcy C. Hingst selling 13,700 shares at an average price of $15.79, leading to a 3.90% decrease in her position.
• The company declared a quarterly dividend of $0.155, scheduled for payment on October 1st, representing a 3.5% yield for investors of record.

Vident Advisory LLC lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 52.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,428 shares of the bank's stock after selling 57,619 shares during the period. Vident Advisory LLC's holdings in Huntington Bancshares were worth $772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its holdings in Huntington Bancshares by 12.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 43,808 shares of the bank's stock valued at $713,000 after buying an additional 5,022 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Huntington Bancshares by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 156,671 shares of the bank's stock worth $2,549,000 after acquiring an additional 1,253 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Huntington Bancshares in the 4th quarter valued at about $638,000. Crestline Management LP acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth about $1,719,000. Finally, CoreCap Advisors LLC lifted its stake in Huntington Bancshares by 18.0% during the fourth quarter. CoreCap Advisors LLC now owns 6,608 shares of the bank's stock worth $108,000 after purchasing an additional 1,007 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HBAN shares. TD Cowen assumed coverage on shares of Huntington Bancshares in a research note on Thursday, May 15th. They issued a "buy" rating and a $20.00 price target on the stock. Citigroup increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group boosted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $21.00 price objective (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Finally, Cowen initiated coverage on Huntington Bancshares in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.74.

Huntington Bancshares Stock Performance

Huntington Bancshares stock traded up $0.02 during mid-day trading on Wednesday, reaching $17.66. 27,277,512 shares of the company were exchanged, compared to its average volume of 24,314,594. The firm's 50-day simple moving average is $16.99 and its two-hundred day simple moving average is $15.77. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The firm has a market cap of $25.76 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio (DPR) is 45.93%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of 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 the SEC website. Corporate insiders own 0.89% of the company's stock.

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.