Calamos Advisors LLC Trims Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Calamos Advisors LLC lowered its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 56.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 453,017 shares of the bank’s stock after selling 585,918 shares during the quarter. Calamos Advisors LLC’s holdings in Huntington Bancshares were worth $5,762,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HBAN. American Century Companies Inc. grew its stake in shares of Huntington Bancshares by 11.8% in the first quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock valued at $2,765,000 after buying an additional 19,959 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Huntington Bancshares in the 1st quarter valued at about $315,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Huntington Bancshares by 309.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after purchasing an additional 7,558 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Huntington Bancshares by 40.9% during the first quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after purchasing an additional 30,296 shares in the last quarter. Finally, Aviva PLC boosted its stake in shares of Huntington Bancshares by 58.2% in the first quarter. Aviva PLC now owns 798,754 shares of the bank’s stock valued at $11,678,000 after purchasing an additional 293,944 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold a total of 102,241 shares of company stock valued at $1,360,359 over the last quarter. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Stock Up 0.8 %

HBAN opened at $13.28 on Friday. The stock has a market capitalization of $19.26 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The business’s 50-day simple moving average is $13.27 and its 200-day simple moving average is $12.15.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. During the same quarter in the previous year, the business earned $0.38 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.67%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Wall Street Analyst Weigh In

HBAN has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Citigroup increased their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods upped their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.97.

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.