Bank of Montreal Can Has $63.59 Million Holdings in Huntington Bancshares Incorporated $HBAN

Bank of Montreal Can lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.3% in the 2nd quarter, Holdings Channel reports. The firm owned 3,793,980 shares of the bank’s stock after selling 791,324 shares during the quarter. Bank of Montreal Can’s holdings in Huntington Bancshares were worth $63,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HBAN. Teacher Retirement System of Texas lifted its stake in shares of Huntington Bancshares by 1,462.4% in the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock valued at $3,188,000 after purchasing an additional 198,796 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Huntington Bancshares by 173.0% in the 1st quarter. D.A. Davidson & CO. now owns 72,451 shares of the bank’s stock valued at $1,087,000 after purchasing an additional 45,915 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Huntington Bancshares by 14.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 47,506 shares of the bank’s stock valued at $713,000 after purchasing an additional 5,938 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at $39,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at $166,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $15.27 on Wednesday. The company’s fifty day moving average is $16.80 and its two-hundred day moving average is $16.35. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $22.28 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.66 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $469.00 million for the quarter. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.1%. Huntington Bancshares’s payout ratio is presently 43.36%.

Wall Street Analyst Weigh In

HBAN has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Citigroup raised their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. raised their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. DA Davidson reiterated a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Finally, TD Cowen raised their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.66.

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.