Steward Partners Investment Advisory LLC Reduces Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Steward Partners Investment Advisory LLC lessened its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,261 shares of the bank’s stock after selling 36,162 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Huntington Bancshares were worth $1,670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HBAN. Allworth Financial LP boosted its stake in shares of Huntington Bancshares by 66.4% during the fourth quarter. Allworth Financial LP now owns 2,218 shares of the bank’s stock valued at $34,000 after purchasing an additional 885 shares during the period. National Bank of Canada FI purchased a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $361,000. Signaturefd LLC boosted its stake in shares of Huntington Bancshares by 5.3% during the fourth quarter. Signaturefd LLC now owns 21,314 shares of the bank’s stock valued at $329,000 after purchasing an additional 1,068 shares during the period. Lincoln National Corp lifted its stake in Huntington Bancshares by 10.1% in the fourth quarter. Lincoln National Corp now owns 18,044 shares of the bank’s stock worth $278,000 after acquiring an additional 1,648 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Huntington Bancshares by 15.9% in the fourth quarter. Van ECK Associates Corp now owns 35,259 shares of the bank’s stock worth $544,000 after acquiring an additional 4,840 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Keefe, Bruyette & Woods lowered Huntington Bancshares from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Thursday, June 2nd. Morgan Stanley dropped their price target on Huntington Bancshares from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. The Goldman Sachs Group dropped their price target on Huntington Bancshares from $17.50 to $14.50 and set a “buy” rating for the company in a research note on Tuesday, May 31st. Finally, Bank of America lowered Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Friday, April 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of “Hold” and a consensus target price of $15.12.

Insider Buying and Selling

In related news, insider Helga Houston sold 28,166 shares of Huntington Bancshares stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $13.77, for a total value of $387,845.82. Following the completion of the sale, the insider now directly owns 496,474 shares in the company, valued at approximately $6,836,446.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Helga Houston sold 28,166 shares of Huntington Bancshares stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $13.77, for a total value of $387,845.82. Following the completion of the sale, the insider now directly owns 496,474 shares in the company, valued at approximately $6,836,446.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven Lee Rhodes sold 14,705 shares of Huntington Bancshares stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $13.28, for a total value of $195,282.40. Following the completion of the sale, the vice president now owns 127,581 shares of the company’s stock, valued at $1,694,275.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,327 shares of company stock worth $657,985. 0.72% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $13.02 on Monday. Huntington Bancshares Incorporated has a 1-year low of $11.67 and a 1-year high of $17.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.80. The business has a fifty day moving average price of $12.78 and a 200-day moving average price of $14.19. The company has a market capitalization of $18.74 billion, a PE ratio of 11.63 and a beta of 1.20.

Huntington Bancshares (NASDAQ:HBANGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The bank reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Huntington Bancshares had a return on equity of 13.11% and a net margin of 25.58%. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.41 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be issued a $0.155 dividend. The ex-dividend date is Friday, September 16th. This represents a $0.62 annualized dividend and a yield of 4.76%. Huntington Bancshares’s payout ratio is 55.36%.

Huntington Bancshares Profile

(Get Rating)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

See Also

Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating).

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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