Strategic Blueprint LLC Cuts Position in Huntington Bancshares Incorporated $HBAN

Strategic Blueprint LLC decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,211 shares of the bank’s stock after selling 2,224 shares during the period. Strategic Blueprint LLC’s holdings in Huntington Bancshares were worth $456,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in shares of Huntington Bancshares by 1,462.4% during the first quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock valued at $3,188,000 after acquiring an additional 198,796 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Huntington Bancshares by 26.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after purchasing an additional 35,014 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after purchasing an additional 28,739 shares during the period. Shell Asset Management Co. raised its holdings in shares of Huntington Bancshares by 58.7% during the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock valued at $3,362,000 after buying an additional 74,220 shares during the period. Finally, Czech National Bank raised its holdings in shares of Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock valued at $5,968,000 after buying an additional 22,190 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 1.3%

Shares of Huntington Bancshares stock opened at $16.07 on Monday. The stock’s fifty day moving average is $17.02 and its 200-day moving average is $16.22. The firm has a market capitalization of $23.44 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.70 and a beta of 0.96. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s payout ratio is currently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of several analyst reports. Evercore ISI initiated coverage on Huntington Bancshares in a report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Jefferies Financial Group boosted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Wall Street Zen downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $19.76.

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.