Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Private Trust Co. NA

Private Trust Co. NA decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,348 shares of the bank’s stock after selling 2,382 shares during the quarter. Private Trust Co. NA’s holdings in Huntington Bancshares were worth $414,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HBAN. Tortoise Investment Management LLC increased its stake in shares of Huntington Bancshares by 433.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,600 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,300 shares in the last quarter. Avondale Wealth Management purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $27,000. Larson Financial Group LLC purchased a new position in shares of Huntington Bancshares during the 4th quarter valued at approximately $31,000. Finally, Rockbridge Investment Management LCC lifted its position in shares of Huntington Bancshares by 2,000.0% during the 4th quarter. Rockbridge Investment Management LCC now owns 2,100 shares of the bank’s stock valued at $32,000 after buying an additional 2,000 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Monday, March 28th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. Keefe, Bruyette & Woods cut Huntington Bancshares from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $15.00 in a report on Thursday, June 2nd. Raymond James lowered their price target on Huntington Bancshares from $19.00 to $18.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 22nd. Finally, Piper Sandler set a $15.00 price objective on Huntington Bancshares in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Hold” and an average target price of $16.15.

In other news, Director Richard H. King purchased 2,178 shares of the firm’s stock in a transaction on Tuesday, April 26th. The shares were bought at an average cost of $13.78 per share, for a total transaction of $30,012.84. Following the completion of the purchase, the director now directly owns 75,492 shares of the company’s stock, valued at $1,040,279.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen D. Steinour acquired 14,234 shares of the company’s stock in a transaction dated Tuesday, April 26th. The stock was purchased at an average cost of $13.98 per share, with a total value of $198,991.32. Following the completion of the purchase, the chief executive officer now directly owns 627,104 shares of the company’s stock, valued at approximately $8,766,913.92. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 48,327 shares of company stock worth $657,985. Corporate insiders own 0.72% of the company’s stock.

Shares of HBAN opened at $11.94 on Friday. Huntington Bancshares Incorporated has a 12-month low of $11.73 and a 12-month high of $17.79. The firm has a market capitalization of $17.18 billion, a P/E ratio of 10.21 and a beta of 1.18. The firm has a 50-day moving average price of $13.23 and a 200 day moving average price of $14.65. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40.

Huntington Bancshares (NASDAQ:HBANGet Rating) last posted its earnings results on Thursday, April 21st. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Huntington Bancshares had a net margin of 26.96% and a return on equity of 12.19%. Huntington Bancshares’s revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be given a $0.155 dividend. The ex-dividend date is Thursday, June 16th. This represents a $0.62 dividend on an annualized basis and a yield of 5.19%. Huntington Bancshares’s dividend payout ratio is currently 52.99%.

Huntington Bancshares Company Profile (Get Rating)

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).

Featured Stories

Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating).

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.