First County Bank CT Sells 10,566 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

First County Bank CT reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,956 shares of the bank’s stock after selling 10,566 shares during the period. First County Bank CT’s holdings in Huntington Bancshares were worth $1,001,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Boston Partners increased its holdings in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after purchasing an additional 9,533,511 shares in the last quarter. KBC Group NV grew its holdings in Huntington Bancshares by 715.0% during the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock worth $54,081,000 after buying an additional 3,729,974 shares in the last quarter. National Bank of Canada FI raised its position in Huntington Bancshares by 832.7% in the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock valued at $46,927,000 after buying an additional 2,979,768 shares during the last quarter. Scout Investments Inc. bought a new position in Huntington Bancshares during the 1st quarter valued at $35,428,000. Finally, Bank of Nova Scotia boosted its holdings in Huntington Bancshares by 641.5% during the 4th quarter. Bank of Nova Scotia now owns 2,775,356 shares of the bank’s stock worth $35,301,000 after acquiring an additional 2,401,067 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Baird R W cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley upped their target price on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. dropped their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Finally, Citigroup boosted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Two 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.59.

Insider Transactions at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the completion of the sale, the insider now directly owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the sale, the vice president now owns 11,111 shares in the company, valued at approximately $167,331.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,622 shares of company stock valued at $1,762,904. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Trading Up 1.3 %

Shares of HBAN stock opened at $14.56 on Friday. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $15.24. The company’s fifty day simple moving average is $14.39 and its two-hundred day simple moving average is $13.76. 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 stock has a market capitalization of $21.15 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 3.07 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data 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 return on equity of 11.34% and a net margin of 14.77%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.26%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

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.