National Bank of Canada FI Reduces Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

National Bank of Canada FI decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 40.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,142,872 shares of the bank's stock after selling 791,774 shares during the period. National Bank of Canada FI owned 0.08% of Huntington Bancshares worth $16,800,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Asset Dedication LLC boosted its stake in Huntington Bancshares by 200.7% in 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 period. Peoples Bank KS bought a new position in shares of Huntington Bancshares during the third quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares during the third quarter valued at $31,000. Fortitude Family Office LLC purchased a new position in Huntington Bancshares during the third quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in Huntington Bancshares by 695.5% in 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. Hedge funds and other institutional investors own 80.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HBAN. Evercore ISI raised their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. 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. Barclays upped their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Finally, Citigroup upped their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of "Moderate Buy" and a consensus price target of $17.24.

Insider Buying and Selling

In other news, insider Helga Houston sold 6,455 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now owns 259,943 shares of the company's stock, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock valued at $757,356 over the last quarter. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Trading Down 0.2 %

Shares of HBAN stock traded down $0.04 on Tuesday, reaching $17.24. 12,626,203 shares of the company's stock were exchanged, compared to its average volume of 15,836,587. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The company's fifty day simple moving average is $16.42 and its 200 day simple moving average is $14.76. Huntington Bancshares Incorporated has a 52 week low of $11.77 and a 52 week high of $18.44. The stock has a market capitalization of $25.05 billion, a PE ratio of 16.62, a P/E/G ratio of 3.51 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS 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 analysts' expectations of $1.86 billion. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is presently 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.