Swedbank AB Reduces Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Swedbank AB reduced its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 391,350 shares of the bank’s stock after selling 2,099 shares during the period. Swedbank AB’s holdings in Huntington Bancshares were worth $5,753,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares in the first quarter valued at about $29,000. Peoples Bank KS acquired a new stake in shares of Huntington Bancshares during the 3rd quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. lifted its stake in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after purchasing an additional 2,003 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Huntington Bancshares in the first quarter worth $40,000. Finally, ORG Partners LLC increased its stake in Huntington Bancshares by 354.9% during the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after purchasing an additional 2,594 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $15.36 on Friday. The business has a 50 day moving average price of $14.56 and a two-hundred day moving average price of $13.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter last year, the business posted $0.36 earnings per share. Research analysts predict that Huntington Bancshares Incorporated will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.04%. Huntington Bancshares’s payout ratio is currently 55.86%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the transaction, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Helga Houston sold 11,288 shares of the 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 owns 618,832 shares in the company, valued at $9,294,856.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kendall A. Kowalski sold 5,747 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the sale, the insider now owns 65,899 shares in the company, valued at approximately $987,167.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock valued at $1,762,904 over the last ninety days. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Bank of America lifted their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a research note on Friday. Finally, Morgan Stanley raised their target price on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.91.

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.