Zions Bancorporation N.A. Sells 24,575 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Zions Bancorporation N.A. cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 400,303 shares of the bank’s stock after selling 24,575 shares during the quarter. Zions Bancorporation N.A.’s holdings in Huntington Bancshares were worth $6,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Carlson Capital Management increased its position in Huntington Bancshares by 0.4% in the 4th quarter. Carlson Capital Management now owns 163,575 shares of the bank’s stock valued at $2,661,000 after acquiring an additional 692 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Huntington Bancshares by 6.0% during the fourth quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock valued at $200,000 after purchasing an additional 699 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after purchasing an additional 702 shares in the last quarter. Lantz Financial LLC raised its position in Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after purchasing an additional 790 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its holdings in Huntington Bancshares by 7.2% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock worth $191,000 after buying an additional 795 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several research reports. Morgan Stanley lowered their target price on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Barclays lifted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $18.18.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 38,451 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares of the company’s stock, valued at $4,825,036.44. This represents a 10.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the sale, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 2.2 %

NASDAQ:HBAN opened at $15.35 on Tuesday. 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 business’s 50-day simple moving average is $16.21 and its 200-day simple moving average is $16.14. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.45. The stock has a market capitalization of $22.42 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $0.27 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s payout ratio is presently 50.41%.

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.