Bokf Na Sells 802 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bokf Na cut its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,408 shares of the bank’s stock after selling 802 shares during the quarter. Bokf Na’s holdings in Huntington Bancshares were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares in the first quarter worth approximately $29,000. YHB Investment Advisors Inc. bought a new position in shares of Huntington Bancshares during the first quarter valued at $30,000. Hazlett Burt & Watson Inc. boosted its position in shares of 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 buying an additional 2,003 shares during the last quarter. Nemes Rush Group LLC increased its holdings in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after buying an additional 1,391 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in Huntington Bancshares in the 1st quarter worth about $40,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $14.57 on Wednesday. The business’s 50-day simple moving average is $14.25 and its two-hundred day simple moving average is $13.70. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24. The stock has a market cap of $21.12 billion, a PE ratio of 13.13, a P/E/G ratio of 2.90 and a beta of 1.05. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm earned $0.35 EPS. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business 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. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.26%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HBAN shares. Citigroup lifted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Bank of America boosted their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. StockNews.com downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. JPMorgan Chase & Co. reduced their price objective on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Finally, Evercore ISI dropped their target price on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $15.59.

Insiders Place Their Bets

In other news, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the completion of the transaction, the insider now directly owns 65,899 shares of the company’s stock, valued at $987,167.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction on Monday, July 29th. The shares were 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 in the company, valued at approximately $167,331.66. The disclosure for this sale can be found here. Insiders have sold a total of 116,622 shares of company stock worth $1,762,904 in the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

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.