True North Advisors LLC Sells 1,304 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

True North Advisors LLC lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 25,910 shares of the bank’s stock after selling 1,304 shares during the quarter. True North Advisors LLC’s holdings in Huntington Bancshares were worth $381,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in Huntington Bancshares in the first quarter valued at $29,000. Peoples Bank KS bought a new position in shares of Huntington Bancshares in the 3rd quarter worth about $29,000. YHB Investment Advisors Inc. acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at about $30,000. Hazlett Burt & Watson Inc. increased its holdings in Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $40,000. 80.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the sale, the insider now owns 65,899 shares of the company’s stock, valued at $987,167.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total transaction of $86,090.06. Following the completion of the sale, the insider now owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the transaction, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,622 shares of company stock worth $1,762,904. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $14.76 on Wednesday. The firm has a market capitalization of $21.39 billion, a PE ratio of 13.27, a P/E/G ratio of 3.07 and a beta of 1.04. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $14.31 and a two-hundred day moving average price of $13.84. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $15.24.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.35 EPS. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.20%. The ex-dividend date was Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Wall Street Analyst Weigh In

HBAN has been the topic of several recent research reports. Citigroup increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Morgan Stanley increased their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Argus boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Baird R W downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, UBS Group cut their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $15.71.

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.