Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1,840.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,693 shares of the bank's stock after purchasing an additional 64,204 shares during the quarter. Benjamin Edwards Inc.'s holdings in Huntington Bancshares were worth $995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Asset Dedication LLC raised its position in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after acquiring an additional 1,202 shares during the period. Peoples Bank KS purchased a new position in Huntington Bancshares during the third quarter valued at $29,000. Hazlett Burt & Watson Inc. increased its position in Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after buying an additional 2,003 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC purchased a new stake in Huntington Bancshares in the 3rd quarter worth approximately $32,000. Institutional investors own 80.72% of the company's stock.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company's stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares of the company's stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock worth $757,356 in the last ninety days. Company insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HBAN shares. StockNews.com downgraded shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Wednesday. Barclays raised their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Royal Bank of Canada restated an "outperform" rating and set a $17.00 price target on shares of Huntington Bancshares in a report on Friday, October 18th. Keefe, Bruyette & Woods increased their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Evercore ISI upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.24.

Huntington Bancshares Stock Performance

HBAN traded down $0.09 during midday trading on Friday, hitting $17.61. 11,142,681 shares of the company were exchanged, compared to its average volume of 13,216,394. The company's 50 day simple moving average is $16.36 and its 200 day simple moving average is $14.73. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 3.51 and a beta of 1.06. Huntington Bancshares Incorporated has a 1-year low of $11.68 and a 1-year high of $18.44. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

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

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.52%. Huntington Bancshares's dividend payout ratio (DPR) is currently 59.62%.

Huntington Bancshares 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.