NorthRock Partners LLC Has $208,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

NorthRock Partners LLC cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,132 shares of the bank’s stock after selling 3,444 shares during the quarter. NorthRock Partners LLC’s holdings in Huntington Bancshares were worth $208,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new stake in Huntington Bancshares in the 3rd quarter valued at about $77,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Huntington Bancshares by 40.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank’s stock valued at $2,837,000 after purchasing an additional 55,865 shares in the last quarter. Fort Pitt Capital Group LLC bought a new position in Huntington Bancshares in the 3rd quarter worth approximately $454,000. Confluence Wealth Services Inc. lifted its holdings in Huntington Bancshares by 14.7% during the 3rd quarter. Confluence Wealth Services Inc. now owns 31,048 shares of the bank’s stock worth $456,000 after buying an additional 3,988 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in Huntington Bancshares in the 3rd quarter valued at $180,000. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the topic of several research reports. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. DA Davidson raised their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Citigroup upped their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.09.

Insider Activity

In related news, insider Helga Houston sold 6,455 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $17.52 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 3.14 and a beta of 1.03. The business has a 50 day simple moving average of $14.93 and a 200 day simple moving average of $14.11. Huntington Bancshares Incorporated has a 52-week low of $10.10 and a 52-week high of $17.53.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is 59.62%.

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.