Lynch & Associates IN Sells 2,500 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Lynch & Associates IN reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,051 shares of the bank’s stock after selling 2,500 shares during the period. Lynch & Associates IN’s holdings in Huntington Bancshares were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HBAN. American Century Companies Inc. grew its position in shares of Huntington Bancshares by 11.8% during the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock valued at $2,765,000 after acquiring an additional 19,959 shares during the period. D.A. Davidson & CO. bought a new position in Huntington Bancshares in the 1st quarter worth approximately $315,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Huntington Bancshares by 309.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after buying an additional 7,558 shares during the period. Panagora Asset Management Inc. boosted its holdings in Huntington Bancshares by 40.9% in the 1st quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after buying an additional 30,296 shares during the period. Finally, Aviva PLC boosted its holdings in Huntington Bancshares by 58.2% in the 1st quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after buying an additional 293,944 shares during the period. 78.68% of the stock is owned by institutional investors.

Huntington Bancshares Trading Down 0.4 %

Shares of HBAN stock traded down $0.04 during mid-day trading on Tuesday, reaching $10.55. The stock had a trading volume of 5,071,086 shares, compared to its average volume of 16,150,025. The stock’s 50-day moving average price is $11.42 and its two-hundred day moving average price is $11.14. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $15.74. The firm has a market capitalization of $15.28 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 5.94 and a beta of 1.08. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Huntington Bancshares had a net margin of 24.74% and a return on equity of 15.20%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $0.36 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.37 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 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 5.88%. The ex-dividend date is Friday, September 15th. Huntington Bancshares’s payout ratio is 40.00%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson raised their price objective on shares of Huntington Bancshares from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 24th. StockNews.com assumed coverage on shares of Huntington Bancshares in a report on Thursday, August 17th. They issued a “sell” rating for the company. Raymond James raised their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a report on Monday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $12.00 price target on shares of Huntington Bancshares in a report on Tuesday, July 25th. Finally, The Goldman Sachs Group raised their price target on shares of Huntington Bancshares from $12.00 to $13.50 and gave the company a “buy” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Huntington Bancshares currently has an average rating of “Hold” and an average price target of $13.13.

Insider Activity

In other news, insider Helga Houston sold 12,280 shares of Huntington Bancshares stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $11.97, for a total transaction of $146,991.60. Following the sale, the insider now owns 594,564 shares of the company’s stock, valued at approximately $7,116,931.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Paul G. Heller sold 23,817 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $11.89, for a total transaction of $283,184.13. Following the sale, the executive vice president now owns 505,910 shares of the company’s stock, valued at $6,015,269.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Helga Houston sold 12,280 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $11.97, for a total transaction of $146,991.60. Following the sale, the insider now directly owns 594,564 shares in the company, valued at approximately $7,116,931.08. The disclosure for this sale can be found here. 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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).