Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Cut by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 38.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,890,810 shares of the bank’s stock after selling 1,170,354 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Huntington Bancshares were worth $26,377,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in HBAN. Wetzel Investment Advisors Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth about $29,000. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares in the 1st quarter worth about $29,000. Nemes Rush Group LLC increased its stake in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Huntington Bancshares in the 1st quarter worth about $30,000. Finally, Planned Solutions Inc. purchased a new position in Huntington Bancshares in the 4th quarter worth about $33,000. 80.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. reduced their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a report on Thursday, June 27th. Bank of America upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Finally, Jefferies Financial Group reduced their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $14.93.

Huntington Bancshares Stock Performance

NASDAQ HBAN traded up $0.55 during trading on Friday, hitting $14.85. The company’s stock had a trading volume of 4,751,759 shares, compared to its average volume of 17,300,086. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average price of $13.34 and a 200 day moving average price of $13.22. The firm has a market cap of $21.52 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $14.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the prior year, the company posted $0.35 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the sale, the vice president now directly owns 385,409 shares in the company, valued at $5,241,562.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the sale, the vice president now owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the sale, the chief financial officer now directly owns 305,884 shares in the company, valued at approximately $4,178,375.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,829 shares of company stock worth $2,148,623. Company insiders own 0.89% of the company’s stock.

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.