Amalgamated Bank Reduces Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Amalgamated Bank lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 25.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 284,939 shares of the bank's stock after selling 97,754 shares during the quarter. Amalgamated Bank's holdings in Huntington Bancshares were worth $4,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Asset Dedication LLC boosted its stake in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after purchasing an additional 1,202 shares during the last quarter. Peoples Bank KS acquired a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. boosted its position in shares of Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock valued at $30,000 after acquiring an additional 2,003 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Buying and Selling

In related news, insider Helga Houston sold 6,455 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company's stock, valued at $8,615,217.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Bank of America boosted their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Huntington Bancshares in a research report on Friday, October 18th. Robert W. Baird cut shares of Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 target price on the stock. in a research report on Friday, July 26th. Finally, Morgan Stanley upped their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.09.

Huntington Bancshares Trading Down 0.5 %

NASDAQ:HBAN traded down $0.09 on Friday, reaching $17.29. 15,612,774 shares of the company's stock were exchanged, compared to its average volume of 14,606,766. The business has a fifty day moving average of $15.09 and a 200-day moving average of $14.18. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 52-week low of $10.10 and a 52-week high of $17.54. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.59%. Huntington Bancshares's payout ratio is 59.62%.

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.