Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Creative Planning

Creative Planning lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 232,512 shares of the bank’s stock after selling 36,352 shares during the quarter. Creative Planning’s holdings in Huntington Bancshares were worth $3,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares in the 1st quarter worth about $29,000. Peoples Bank KS purchased a new position in Huntington Bancshares in the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. raised its position in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after buying an additional 2,003 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Huntington Bancshares during the 1st quarter valued at about $40,000. Finally, ORG Partners LLC raised its holdings in Huntington Bancshares by 354.9% in the 2nd quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after acquiring an additional 2,594 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $15.38 on Friday. The business has a 50 day moving average price of $14.75 and a 200 day moving average price of $13.99. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $22.29 billion, a P/E ratio of 13.86, a PEG ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 1-year low of $9.35 and a 1-year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period in the prior year, the company earned $0.36 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.03%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Analyst Upgrades and Downgrades

HBAN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut 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 report on Tuesday, July 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Huntington Bancshares in a research report on Friday, October 18th. Bank of America lifted their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. DA Davidson increased their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Barclays boosted their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.03.

Insider Activity at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at $167,331.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,793 shares of company stock valued at $405,439. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Company 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.