West Michigan Advisors LLC Has $5.35 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

West Michigan Advisors LLC decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 360,371 shares of the bank’s stock after selling 1,555 shares during the quarter. Huntington Bancshares accounts for 1.6% of West Michigan Advisors LLC’s portfolio, making the stock its 10th largest position. West Michigan Advisors LLC’s holdings in Huntington Bancshares were worth $5,353,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Asset Dedication LLC raised its position in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares in the 1st quarter worth $29,000. Peoples Bank KS bought a new position in Huntington Bancshares in the 3rd quarter worth $29,000. Hazlett Burt & Watson Inc. lifted its position in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new stake in Huntington Bancshares during the first quarter valued at about $40,000. 80.72% of the stock is currently owned by institutional investors.

Insider Activity

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at $167,331.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,793 shares of company stock worth $405,439. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on HBAN shares. Argus raised their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, October 18th. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Barclays raised their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, DA Davidson lifted their target price on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.03.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $15.56 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $16.03. The stock has a 50 day moving average of $14.72 and a 200 day moving average of $13.98. The firm has a market cap of $22.55 billion, a PE ratio of 14.02, a PEG ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company earned $0.36 EPS. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.98%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Huntington Bancshares 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.