Vestmark Advisory Solutions Inc. Sells 116,227 Shares of Huntington Bancshares Incorporated $HBAN

Vestmark Advisory Solutions Inc. trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 89.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,884 shares of the bank’s stock after selling 116,227 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Huntington Bancshares were worth $240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC grew its stake in shares of Huntington Bancshares by 6.8% in the third quarter. Bleakley Financial Group LLC now owns 59,514 shares of the bank’s stock worth $1,028,000 after acquiring an additional 3,813 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Huntington Bancshares by 19.3% in the third quarter. OneDigital Investment Advisors LLC now owns 36,124 shares of the bank’s stock worth $624,000 after purchasing an additional 5,847 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new stake in Huntington Bancshares in the 3rd quarter worth approximately $380,000. Stevens Capital Management LP raised its stake in Huntington Bancshares by 33.3% during the 3rd quarter. Stevens Capital Management LP now owns 37,863 shares of the bank’s stock valued at $654,000 after buying an additional 9,463 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Huntington Bancshares during the 3rd quarter valued at $464,000. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 17,455 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $18.93, for a total transaction of $330,423.15. Following the completion of the sale, the vice president owned 42,398 shares in the company, valued at approximately $802,594.14. This trade represents a 29.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brantley J. Standridge sold 5,830 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total value of $111,586.20. Following the completion of the transaction, the vice president directly owned 327,676 shares in the company, valued at approximately $6,271,718.64. This represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 50,145 shares of company stock valued at $929,885. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on HBAN shares. Piper Sandler lifted their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, January 22nd. National Bank Financial set a $21.00 target price on Huntington Bancshares in a research report on Wednesday, February 4th. Barclays upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Evercore began coverage on shares of Huntington Bancshares in a research note on Tuesday, February 3rd. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Wolfe Research reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.60.

Huntington Bancshares Stock Down 4.2%

HBAN stock opened at $16.80 on Friday. The business’s 50-day moving average price is $17.81 and its 200-day moving average price is $17.08. The stock has a market cap of $34.10 billion, a P/E ratio of 12.09, a PEG ratio of 0.68 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 44.60%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.