Intrust Bank NA Sells 717 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Intrust Bank NA decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,229 shares of the bank’s stock after selling 717 shares during the quarter. Intrust Bank NA’s holdings in Huntington Bancshares were worth $541,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HBAN. Norges Bank purchased a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $302,826,000. Raymond James Financial Inc. bought a new stake in Huntington Bancshares during the fourth quarter worth approximately $150,444,000. State Street Corp raised its position in Huntington Bancshares by 10.3% during the third quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock valued at $1,179,319,000 after purchasing an additional 7,439,909 shares during the period. Amundi boosted its holdings in shares of Huntington Bancshares by 26.7% in the 4th quarter. Amundi now owns 17,435,207 shares of the bank’s stock worth $286,460,000 after purchasing an additional 3,671,235 shares during the period. Finally, FMR LLC increased its position in shares of Huntington Bancshares by 16.8% during the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock valued at $348,672,000 after purchasing an additional 3,410,597 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

HBAN has been the subject of several recent analyst reports. Baird R W raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Stephens reiterated an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. Finally, Robert W. Baird upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.18.

Insider Transactions at Huntington Bancshares

In other news, VP Brendan A. Lawlor sold 3,521 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now directly owns 47,950 shares of the company’s stock, valued at $731,237.50. This represents a 6.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the sale, the vice president now directly owns 453,129 shares in the company, valued at $6,647,402.43. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock valued at $1,631,151 in the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $14.79 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market capitalization of $21.60 billion, a P/E ratio of 12.02, a PEG ratio of 1.33 and a beta of 1.07. The stock has a 50-day simple moving average of $16.07 and a two-hundred day simple moving average of $16.14.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period last year, the firm posted $0.27 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.19%. Huntington Bancshares’s payout ratio is 50.41%.

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.