Aviso Wealth Management Sells 10,864 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Aviso Wealth Management cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 24.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,246 shares of the bank’s stock after selling 10,864 shares during the quarter. Aviso Wealth Management’s holdings in Huntington Bancshares were worth $541,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arvest Bank Trust Division acquired a new position in shares of Huntington Bancshares during the 3rd quarter worth about $2,381,000. Mediolanum International Funds Ltd acquired a new position in Huntington Bancshares during the fourth quarter valued at approximately $422,000. Donoghue Forlines LLC bought a new stake in Huntington Bancshares in the fourth quarter valued at approximately $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after purchasing an additional 44,662 shares during the period. Finally, Petiole USA ltd bought a new position in shares of Huntington Bancshares during the third quarter worth $3,454,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $15.32 on Wednesday. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.45. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.33 and a beta of 1.07. The stock’s 50 day moving average price is $16.18 and its two-hundred day moving average price is $16.14. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the business posted $0.27 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 4.05%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Insiders Place Their Bets

In other news, VP Scott D. Kleinman sold 69,088 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was 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 approximately $6,647,402.43. This represents a 13.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the sale, the chief financial officer now directly owns 335,538 shares in the company, valued at approximately $4,825,036.44. This trade represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research analyst reports. Citigroup decreased their target price on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Baird R W raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. The Goldman Sachs Group upped their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley dropped their price target on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $18.18.

Huntington Bancshares Company 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.