Alaska Permanent Fund Corp Sells 2,336 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Alaska Permanent Fund Corp lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,564 shares of the bank’s stock after selling 2,336 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Huntington Bancshares were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Huntington Bancshares during the fourth quarter valued at approximately $29,000. Planned Solutions Inc. bought a new position in shares of Huntington Bancshares during the fourth quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC bought a new position in shares of Huntington Bancshares during the third quarter valued at approximately $35,000. Baker Avenue Asset Management LP raised its holdings in shares of Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after acquiring an additional 963 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Huntington Bancshares by 184.0% during the fourth quarter. Allworth Financial LP now owns 4,007 shares of the bank’s stock valued at $51,000 after acquiring an additional 2,596 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.9 %

Shares of NASDAQ:HBAN traded down $0.26 on Thursday, reaching $13.50. The company had a trading volume of 2,229,307 shares, compared to its average volume of 17,624,004. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07. The firm’s 50 day simple moving average is $13.33 and its 200-day simple moving average is $12.22. The firm has a market capitalization of $19.58 billion, a PE ratio of 12.40, a PEG ratio of 2.51 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $0.38 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.59%. Huntington Bancshares’s payout ratio is 55.86%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now directly owns 192,247 shares in the company, valued at $2,603,024.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the transaction, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Insiders sold 102,241 shares of company stock valued at $1,360,359 over the last quarter. 0.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on HBAN. Jefferies Financial Group raised Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $15.00 in a report on Wednesday, February 14th. Stephens reissued an “equal weight” rating and issued a $15.00 target price on shares of Huntington Bancshares in a report on Monday. Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $15.17.

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.