Kapstone Financial Advisors LLC Cuts Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Kapstone Financial Advisors LLC decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,230 shares of the bank’s stock after selling 1,200 shares during the period. Kapstone Financial Advisors LLC’s holdings in Huntington Bancshares were worth $521,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HBAN. Gilliland Jeter Wealth Management LLC bought a new stake in Huntington Bancshares during the 4th quarter valued at $930,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Huntington Bancshares by 1.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,253,469 shares of the bank’s stock valued at $41,384,000 after buying an additional 36,879 shares during the last quarter. First National Bank Sioux Falls bought a new stake in Huntington Bancshares during the 4th quarter valued at $202,000. GAMMA Investing LLC bought a new stake in Huntington Bancshares during the 4th quarter valued at $126,000. Finally, Linden Thomas Advisory Services LLC raised its holdings in Huntington Bancshares by 3.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 101,372 shares of the bank’s stock valued at $1,289,000 after buying an additional 3,190 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HBAN shares. Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. Stephens restated an “equal weight” rating and issued a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN traded down $0.03 during trading on Friday, reaching $13.55. 12,209,161 shares of the company traded hands, compared to its average volume of 16,849,608. The firm has a 50 day simple moving average of $13.36 and a 200-day simple moving average of $12.27. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $19.62 billion, a PE ratio of 12.21, a P/E/G ratio of 2.50 and a beta of 1.11. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Transactions at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the transaction, the chief financial officer now owns 305,884 shares in the company, valued at approximately $4,178,375.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the sale, the chief financial officer now owns 305,884 shares in the company, valued at approximately $4,178,375.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the sale, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Insiders have sold 198,189 shares of company stock worth $2,664,978 in the last quarter. Company insiders own 0.89% of the company’s stock.

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.