Beese Fulmer Investment Management Inc. Sells 923 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Beese Fulmer Investment Management Inc. lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 221,658 shares of the bank’s stock after selling 923 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Huntington Bancshares were worth $3,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after acquiring an additional 728 shares during the last quarter. Lantz Financial LLC increased its position in shares of Huntington Bancshares by 6.1% during the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after purchasing an additional 790 shares in the last quarter. Dillon & Associates Inc. raised its stake in Huntington Bancshares by 5.9% in the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock valued at $215,000 after purchasing an additional 795 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in Huntington Bancshares by 7.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock valued at $191,000 after purchasing an additional 795 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Huntington Bancshares by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after buying an additional 800 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, 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. 0.92% of the stock is owned by insiders.

Huntington Bancshares Stock Up 1.4 %

HBAN stock opened at $17.16 on Friday. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The company has a fifty day moving average price of $16.87 and a 200 day moving average price of $15.79.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the business earned $0.27 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Stephens reiterated an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

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.