Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,125,254 shares of the bank’s stock after selling 41,466 shares during the period. Stifel Financial Corp owned about 0.08% of Huntington Bancshares worth $16,541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Dedication LLC increased its holdings 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 stake in shares of Huntington Bancshares during the third quarter worth approximately $29,000. Hazlett Burt & Watson Inc. increased its stake in shares of 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 during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares in the third quarter valued at $31,000. Finally, Fortitude Family Office LLC bought a new position in Huntington Bancshares during the 3rd quarter valued at $32,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, 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 owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. 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. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HBAN shares. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $17.24.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $17.24 on Wednesday. The stock has a market cap of $25.05 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 3.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a 12 month low of $11.77 and a 12 month high of $18.44. The stock’s 50 day moving average price is $16.47 and its 200 day moving average price is $14.79.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data 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 return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.36 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.60%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

About Huntington Bancshares

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.