Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 187,625 shares of the bank’s stock after selling 11,265 shares during the period. Hantz Financial Services Inc.’s holdings in Huntington Bancshares were worth $3,053,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC increased its holdings 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 buying an additional 1,202 shares during the period. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares in the third quarter worth $31,000. Fortitude Family Office LLC purchased a new position in shares of Huntington Bancshares during the third quarter worth $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Huntington Bancshares during the fourth quarter valued at $73,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Up 1.3 %

NASDAQ HBAN opened at $17.39 on Friday. The business has a fifty day moving average price of $16.97 and a 200 day moving average price of $15.70. The company has a market cap of $25.26 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the firm earned $0.27 earnings per share. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is presently 50.41%.

Insider Activity

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the topic of several analyst reports. Evercore ISI increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. Stephens reissued an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

About Huntington Bancshares

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.