Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% during the 4th quarter, HoldingsChannel reports. The fund owned 193,741 shares of the bank’s stock after selling 8,834 shares during the period. Mutual of America Capital Management LLC’s holdings in Huntington Bancshares were worth $2,464,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HBAN. American Century Companies Inc. grew its stake in shares of Huntington Bancshares by 11.8% in the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock valued at $2,765,000 after buying an additional 19,959 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Huntington Bancshares in the 1st quarter valued at approximately $315,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Huntington Bancshares by 309.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock valued at $146,000 after buying an additional 7,558 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Huntington Bancshares by 40.9% in the 1st quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock valued at $1,526,000 after buying an additional 30,296 shares in the last quarter. Finally, Aviva PLC grew its stake in shares of Huntington Bancshares by 58.2% in the 1st quarter. Aviva PLC now owns 798,754 shares of the bank’s stock valued at $11,678,000 after buying an additional 293,944 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $13.28 on Friday. The business’s fifty day moving average price is $13.27 and its two-hundred day moving average price is $12.13. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.07. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.67%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Evercore ISI boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Citigroup boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $12.00 to $15.00 in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.97.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now directly 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 accessible through this hyperlink. In other news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, 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 through the SEC website. Also, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock worth $1,360,359 over the last three months. Company insiders own 0.89% of the company’s stock.

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.