TIAA Trust National Association Has $301,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

TIAA Trust National Association cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,592 shares of the bank’s stock after selling 774 shares during the quarter. TIAA Trust National Association’s holdings in Huntington Bancshares were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HBAN. American Century Companies Inc. grew its position in shares of Huntington Bancshares by 47.2% during the 3rd quarter. American Century Companies Inc. now owns 501,881 shares of the bank’s stock worth $5,220,000 after buying an additional 160,867 shares during the period. Nordea Investment Management AB lifted its stake in Huntington Bancshares by 8.9% in the 4th quarter. Nordea Investment Management AB now owns 117,128 shares of the bank’s stock valued at $1,493,000 after acquiring an additional 9,575 shares in the last quarter. CX Institutional bought a new stake in Huntington Bancshares in the 4th quarter valued at approximately $205,000. SG Americas Securities LLC raised its stake in shares of Huntington Bancshares by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 86,009 shares of the bank’s stock worth $1,094,000 after purchasing an additional 13,605 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Huntington Bancshares by 87.4% during the 4th quarter. HB Wealth Management LLC now owns 22,956 shares of the bank’s stock worth $292,000 after purchasing an additional 10,709 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 7,278 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the transaction, the insider now directly owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Huntington Bancshares news, insider Helga Houston sold 7,278 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the sale, the insider now owns 648,904 shares in the company, valued at approximately $8,851,050.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brantley J. Standridge sold 50,000 shares of the firm’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 owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. Insiders have sold a total of 157,829 shares of company stock valued at $2,148,623 in the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Trading Up 0.3 %

NASDAQ HBAN traded up $0.04 during trading on Monday, hitting $14.90. The stock had a trading volume of 13,811,459 shares, compared to its average volume of 17,451,826. The stock has a 50 day simple moving average of $13.36 and a 200 day simple moving average of $13.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $15.08. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 5.89 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. 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 firm posted $0.35 earnings per share. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.17 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.16%. Huntington Bancshares’s payout ratio is 55.86%.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research reports. Bank of America upped their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday. Argus increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada increased their target price on Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group decreased their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Finally, JPMorgan Chase & Co. decreased their target price on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

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.