Manning & Napier Advisors LLC Lowers Stock Position in Huntington Bancshares Incorporated $HBAN

Manning & Napier Advisors LLC reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 43.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 259,142 shares of the bank’s stock after selling 199,070 shares during the period. Manning & Napier Advisors LLC’s holdings in Huntington Bancshares were worth $4,496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Huntington Bancshares by 26.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after acquiring an additional 35,014 shares in the last quarter. FineMark National Bank & Trust increased its holdings in Huntington Bancshares by 59.2% during the 2nd quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after purchasing an additional 65,144 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Huntington Bancshares by 43.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after purchasing an additional 28,739 shares during the last quarter. Shoker Investment Counsel Inc. raised its position in shares of Huntington Bancshares by 1,706.3% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock valued at $3,361,000 after purchasing an additional 189,462 shares in the last quarter. Finally, Mount Lucas Management LP purchased a new position in shares of Huntington Bancshares during the 2nd quarter valued at approximately $747,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 1.0%

NASDAQ HBAN opened at $17.68 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.62. The company has a 50-day simple moving average of $16.96 and a 200-day simple moving average of $16.85. The firm has a market capitalization of $27.84 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $580.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were given a $0.155 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 43.36%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HBAN. Wall Street Zen cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 6th. Cowen restated a “buy” rating on shares of Huntington Bancshares in a research note on Monday, October 20th. Jefferies Financial Group lifted their price target on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Zacks Research lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.08.

Insider Buying and Selling

In other news, Director John C. Inglis acquired 6,506 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director directly owned 89,831 shares in the company, valued at approximately $1,374,414.30. The trade was a 7.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kendall A. Kowalski sold 2,481 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $17.80, for a total transaction of $44,161.80. Following the transaction, the insider directly owned 71,566 shares of the company’s stock, valued at $1,273,874.80. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,863 shares of company stock valued at $1,581,634 in the last three months. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.