Forsta AP Fonden Sells 35,500 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Forsta AP Fonden lessened its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 305,200 shares of the bank’s stock after selling 35,500 shares during the period. Forsta AP Fonden’s holdings in Huntington Bancshares were worth $4,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. bought a new position in Huntington Bancshares during the second quarter valued at approximately $4,766,000. American Century Companies Inc. lifted its position in Huntington Bancshares by 15.9% during the second quarter. American Century Companies Inc. now owns 1,508,509 shares of the bank’s stock valued at $19,882,000 after purchasing an additional 207,328 shares during the period. Hazlett Burt & Watson Inc. lifted its position in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares during the period. MGO One Seven LLC lifted its position in Huntington Bancshares by 8.5% during the second quarter. MGO One Seven LLC now owns 107,956 shares of the bank’s stock valued at $1,423,000 after purchasing an additional 8,419 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Huntington Bancshares by 10.4% in the second quarter. Daiwa Securities Group Inc. now owns 158,221 shares of the bank’s stock worth $2,085,000 after acquiring an additional 14,909 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

HBAN stock opened at $14.38 on Friday. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $15.24. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $14.21 and a 200 day moving average price of $13.68. The stock has a market cap of $20.84 billion, a PE ratio of 12.95, a P/E/G ratio of 2.90 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period in the previous year, the company earned $0.35 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.31%. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HBAN shares. StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. UBS Group reduced their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Keefe, Bruyette & Woods reduced their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Jefferies Financial Group reduced their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada increased their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.59.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the sale, the vice president now directly owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the sale, the vice president now owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now directly owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock valued at $1,762,904 in the last three months. Company insiders own 0.89% of the company’s stock.

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.