Bank of Montreal Can Has $70.72 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bank of Montreal Can cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,346,820 shares of the bank’s stock after selling 265,452 shares during the period. Bank of Montreal Can owned about 0.30% of Huntington Bancshares worth $70,723,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HBAN. Carlson Capital Management raised its position in Huntington Bancshares by 0.4% in the fourth quarter. Carlson Capital Management now owns 163,575 shares of the bank’s stock valued at $2,661,000 after purchasing an additional 692 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Huntington Bancshares by 6.0% during the 4th quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock worth $200,000 after buying an additional 699 shares during the period. Venturi Wealth Management LLC grew its holdings in Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock worth $53,000 after acquiring an additional 702 shares during the last quarter. Lantz Financial LLC increased its position in Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock valued at $224,000 after acquiring an additional 790 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Huntington Bancshares by 7.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock valued at $191,000 after acquiring an additional 795 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HBAN shares. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Stephens restated an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a research report on Friday, February 7th. Baird R W upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Barclays upped their price target on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Morgan Stanley reduced their price objective on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.94.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 38,451 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brendan A. Lawlor sold 3,521 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the sale, the vice president now directly owns 47,950 shares in the company, valued at approximately $731,237.50. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,781 shares of company stock valued at $1,631,151. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 1.7 %

NASDAQ HBAN opened at $12.49 on Wednesday. The business’s fifty day moving average is $15.51 and its 200-day moving average is $16.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.33 and a beta of 0.89. Huntington Bancshares Incorporated has a one year low of $11.92 and a one year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN) last announced 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 net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the business earned $0.27 EPS. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.155 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 4.96%. 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.