Greenleaf Trust Sells 114,429 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Greenleaf Trust cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 513,839 shares of the bank’s stock after selling 114,429 shares during the period. Greenleaf Trust’s holdings in Huntington Bancshares were worth $7,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Asset Dedication LLC grew its position in shares of Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS acquired a new position in shares of Huntington Bancshares in the third quarter valued at approximately $29,000. Future Financial Wealth Managment LLC acquired a new position in shares of Huntington Bancshares in the first quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. boosted its holdings 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 period. Finally, Register Financial Advisors LLC acquired a new position in shares of Huntington Bancshares in the first quarter valued at approximately $40,000. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Citigroup upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group dropped their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.03.

Huntington Bancshares Stock Performance

NASDAQ:HBAN traded up $0.02 on Wednesday, reaching $15.56. 462,660 shares of the company’s stock were exchanged, compared to its average volume of 16,172,495. The stock has a fifty day simple moving average of $14.64 and a 200-day simple moving average of $13.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $16.03. The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates 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 business posted $0.36 earnings per share. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is 55.86%.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the sale, the insider now owns 618,832 shares of the company’s stock, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the sale, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by 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.