Huntington Bancshares Incorporated (NASDAQ:HBAN) Holdings Decreased by Ballentine Partners LLC

Ballentine Partners LLC reduced its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,077 shares of the bank’s stock after selling 1,863 shares during the period. Ballentine Partners LLC’s holdings in Huntington Bancshares were worth $212,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC increased its holdings in shares of Huntington Bancshares by 7.8% in the 2nd quarter. Caprock Group LLC now owns 31,124 shares of the bank’s stock valued at $415,000 after purchasing an additional 2,260 shares during the period. Acadian Asset Management LLC increased its stake in Huntington Bancshares by 19.4% in the 2nd quarter. Acadian Asset Management LLC now owns 32,391 shares of the bank’s stock valued at $426,000 after buying an additional 5,262 shares during the period. Chris Bulman Inc purchased a new stake in Huntington Bancshares in the 2nd quarter worth approximately $77,000. Candriam S.C.A. boosted its stake in shares of Huntington Bancshares by 7.4% during the 2nd quarter. Candriam S.C.A. now owns 176,128 shares of the bank’s stock valued at $2,321,000 after buying an additional 12,086 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Huntington Bancshares by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 399,908 shares of the bank’s stock valued at $5,271,000 after acquiring an additional 1,617 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

HBAN opened at $14.20 on Friday. Huntington Bancshares Incorporated has a 12-month low of $9.25 and a 12-month high of $15.24. The firm has a market capitalization of $20.58 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. The stock’s 50 day moving average price is $14.18 and its two-hundred day moving average price is $13.67. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s payout ratio is presently 55.86%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HBAN. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Royal Bank of Canada lifted their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Baird R W downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Jefferies Financial Group reduced their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Morgan Stanley boosted their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.59.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was 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 in the company, valued at approximately $9,294,856.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Helga Houston sold 11,288 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now directly owns 618,832 shares in the company, valued at $9,294,856.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now owns 69,595 shares in the company, valued at approximately $1,054,364.25. The disclosure for this sale can be found here. Insiders have sold a total of 116,622 shares of company stock valued at $1,762,904 over the last three months. 0.89% of the stock is owned by corporate 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.