Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by First National Trust Co

First National Trust Co cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 23.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 158,638 shares of the bank’s stock after selling 47,967 shares during the period. First National Trust Co’s holdings in Huntington Bancshares were worth $2,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in shares of Huntington Bancshares by 208.2% in the third quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock worth $753,000 after acquiring an additional 48,913 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Huntington Bancshares by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 548,316 shares of the bank’s stock worth $5,702,000 after buying an additional 15,139 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Huntington Bancshares by 2.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 413,221 shares of the bank’s stock worth $4,297,000 after buying an additional 9,491 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Huntington Bancshares by 5.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock valued at $1,256,000 after buying an additional 5,740 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Huntington Bancshares by 2.4% in the third quarter. Xponance Inc. now owns 218,619 shares of the bank’s stock worth $2,274,000 after buying an additional 5,150 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 1.0 %

Shares of NASDAQ:HBAN traded up $0.13 during mid-day trading on Friday, reaching $13.80. 9,181,550 shares of the company were exchanged, compared to its average volume of 17,355,142. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 2.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 1 year low of $9.13 and a 1 year high of $14.07. The firm’s 50-day simple moving average is $13.44 and its 200 day simple moving average is $12.38.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.49%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Transactions at Huntington Bancshares

In related news, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the transaction, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Huntington Bancshares news, VP Brantley J. Standridge sold 50,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the sale, the vice president now owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,381 shares of company stock valued at $2,814,291. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup increased their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research note on Wednesday, February 14th. Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada upped their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

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.