White Pine Capital LLC Sells 962 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

White Pine Capital LLC lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,453 shares of the bank’s stock after selling 962 shares during the period. White Pine Capital LLC’s holdings in Huntington Bancshares were worth $260,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HBAN. Boston Partners increased its position in shares of Huntington Bancshares by 33.0% in the 3rd quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock valued at $304,439,000 after buying an additional 7,271,405 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Huntington Bancshares by 23.7% in the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock valued at $186,421,000 after buying an additional 3,438,552 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Huntington Bancshares during the 3rd quarter worth about $20,004,000. AQR Capital Management LLC increased its holdings in Huntington Bancshares by 1,652.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,806,333 shares of the bank’s stock worth $18,786,000 after purchasing an additional 1,703,245 shares in the last quarter. Finally, Barclays PLC increased its holdings in Huntington Bancshares by 31.6% during the 3rd quarter. Barclays PLC now owns 5,395,974 shares of the bank’s stock worth $56,117,000 after purchasing an additional 1,296,978 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,948 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the transaction, the insider now directly owns 21,102 shares of the company’s stock, valued at approximately $284,243.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kendall A. Kowalski sold 15,948 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total transaction of $214,819.56. Following the transaction, the insider now directly owns 21,102 shares in the company, valued at $284,243.94. The disclosure for this sale can be found here. Insiders have sold a total of 198,189 shares of company stock valued at $2,664,978 in the last three months. 0.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HBAN has been the subject of a number of research reports. Bank of America upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Evercore ISI increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $12.00 to $15.00 in a report on Tuesday, January 2nd. Citigroup increased their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Huntington Bancshares Stock Performance

NASDAQ:HBAN traded down $0.03 during mid-day trading on Friday, hitting $13.55. The stock had a trading volume of 12,209,161 shares, compared to its average volume of 16,849,608. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.50 and a beta of 1.11. The company’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $12.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.38 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 annualized dividend and a yield of 4.58%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

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.