Mount Yale Investment Advisors LLC Sells 2,368 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mount Yale Investment Advisors LLC trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,111 shares of the bank’s stock after selling 2,368 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Huntington Bancshares were worth $766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HBAN. Arvest Bank Trust Division purchased a new stake in Huntington Bancshares during the third quarter valued at $2,381,000. Donoghue Forlines LLC bought a new stake in shares of Huntington Bancshares in the 4th quarter worth about $1,460,000. Heritage Wealth Management Inc. purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $744,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Huntington Bancshares by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after acquiring an additional 44,662 shares during the last quarter. Finally, Petiole USA ltd purchased a new stake in Huntington Bancshares during the third quarter valued at approximately $3,454,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $17.23 on Wednesday. The company has a market cap of $25.03 billion, a PE ratio of 14.01, a P/E/G ratio of 1.39 and a beta of 1.07. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. 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’s 50 day moving average price is $16.98 and its 200-day moving average price is $15.68.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results 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 business posted $0.27 earnings per share. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.60%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Insider Activity at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HBAN shares. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. The Goldman Sachs Group raised their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Finally, Piper Sandler decreased their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $18.06.

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.