Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Holdings Trimmed by West Michigan Advisors LLC

West Michigan Advisors LLC reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 360,371 shares of the bank’s stock after selling 1,555 shares during the quarter. Huntington Bancshares accounts for about 1.6% of West Michigan Advisors LLC’s holdings, making the stock its 10th largest holding. West Michigan Advisors LLC’s holdings in Huntington Bancshares were worth $5,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC raised its position in Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares in the first quarter worth about $29,000. Peoples Bank KS bought a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. boosted its holdings in Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,003 shares during the period. Finally, Register Financial Advisors LLC bought a new position in Huntington Bancshares during the 1st quarter worth approximately $40,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $15.56 on Friday. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $16.03. The firm has a market capitalization of $22.55 billion, a P/E ratio of 14.02, a P/E/G ratio of 2.77 and a beta of 1.04. 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 business has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $13.98.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during 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 last year, the company posted $0.36 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

HBAN has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research report on Friday, October 18th. JPMorgan Chase & Co. dropped their price target on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Keefe, Bruyette & Woods cut 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 report on Tuesday, July 9th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, Jefferies Financial Group dropped their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.03.

Insider Activity at Huntington Bancshares

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

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.