Beese Fulmer Investment Management Inc. Sells 4,818 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Beese Fulmer Investment Management Inc. lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,581 shares of the bank’s stock after selling 4,818 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Huntington Bancshares were worth $3,272,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HBAN. Wellington Management Group LLP boosted its position in Huntington Bancshares by 64.2% in the 4th quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock valued at $3,877,000 after buying an additional 119,178 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Huntington Bancshares by 1.3% in the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after purchasing an additional 794 shares during the period. Ballentine Partners LLC raised its stake in shares of Huntington Bancshares by 16.0% in the 1st quarter. Ballentine Partners LLC now owns 17,940 shares of the bank’s stock valued at $250,000 after purchasing an additional 2,475 shares during the period. Brookstone Capital Management acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at about $9,712,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at about $29,000. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the transaction, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the sale, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

HBAN stock opened at $15.54 on Thursday. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $16.03. The firm has a 50-day moving average of $14.68 and a two-hundred day moving average of $13.97.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $0.36 EPS. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.99%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HBAN shares. Barclays boosted their price target on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Bank of America increased their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Citigroup upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Evercore ISI dropped their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.03.

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.