Gibraltar Capital Management Inc. Decreases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Gibraltar Capital Management Inc. trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 74.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,648 shares of the bank's stock after selling 76,692 shares during the quarter. Gibraltar Capital Management Inc.'s holdings in Huntington Bancshares were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of HBAN. Vanguard Group Inc. raised its holdings in shares of Huntington Bancshares by 0.7% in the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank's stock worth $1,789,520,000 after buying an additional 1,209,264 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Huntington Bancshares by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank's stock valued at $468,725,000 after purchasing an additional 245,025 shares during the period. Boston Partners raised its stake in shares of Huntington Bancshares by 33.0% in the third quarter. Boston Partners now owns 29,277,030 shares of the bank's stock worth $304,439,000 after purchasing an additional 7,271,405 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Huntington Bancshares by 23.7% during the third quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank's stock worth $186,421,000 after purchasing an additional 3,438,552 shares during the period. Finally, Northern Trust Corp boosted its position in Huntington Bancshares by 5.5% in the third quarter. Northern Trust Corp now owns 14,273,987 shares of the bank's stock valued at $148,449,000 after buying an additional 744,443 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Down 0.7 %

Huntington Bancshares stock traded down $0.10 during mid-day trading on Tuesday, hitting $13.47. The company had a trading volume of 15,679,438 shares, compared to its average volume of 17,599,072. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a 1 year low of $9.13 and a 1 year high of $14.07. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 2.50 and a beta of 1.11. The business has a fifty day moving average of $13.38 and a 200 day moving average of $12.31.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the prior year, the firm earned $0.38 EPS. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.60%. Huntington Bancshares's dividend payout ratio (DPR) is presently 55.86%.

Insider Activity

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now directly owns 303,455 shares of the company's stock, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares in the company, valued at $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kendall A. Kowalski sold 15,948 shares of the business's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the transaction, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The disclosure for this sale can be found here. Insiders have sold 169,489 shares of company stock valued at $2,286,999 in the last ninety days. 0.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on HBAN shares. Royal Bank of Canada lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, April 4th. Evercore ISI lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Barclays upgraded Huntington Bancshares from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. Finally, DA Davidson raised Huntington Bancshares from a "neutral" rating to a "buy" rating and boosted their price target for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.17.

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.

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