Greenleaf Trust Trims Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Greenleaf Trust cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 18.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 513,839 shares of the bank's stock after selling 114,429 shares during the quarter. Greenleaf Trust's holdings in Huntington Bancshares were worth $7,553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HBAN. Asset Dedication LLC raised its stake in shares of Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after purchasing an additional 1,202 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares during the 1st quarter valued at $29,000. Peoples Bank KS bought a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. grew its position in Huntington Bancshares by 695.5% during 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. Finally, Register Financial Advisors LLC purchased a new position in Huntington Bancshares during the first quarter worth about $40,000. 80.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the subject of several recent analyst reports. Evercore ISI reduced their target price on Huntington Bancshares from $17.50 to $17.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Citigroup boosted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Robert W. Baird cut Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 target price for the company. in a research report on Friday, July 26th. Keefe, Bruyette & Woods cut their price objective on Huntington Bancshares from $15.00 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, July 9th. Finally, Morgan Stanley upped their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.03.

Insiders Place Their Bets

In other news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now owns 11,111 shares of the company's stock, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the sale, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the business's 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 transaction, the vice president now owns 11,111 shares of the company's stock, valued at approximately $167,331.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Performance

HBAN remained flat at $15.54 during midday trading on Wednesday. The company's stock had a trading volume of 10,153,111 shares, compared to its average volume of 16,219,765. The business has a fifty day moving average of $14.64 and a 200 day moving average of $13.96. The stock has a market cap of $22.52 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $16.03.

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, beating analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the firm earned $0.36 EPS. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is 55.86%.

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.