Sargent Bickham Lagudis LLC Sells 33,462 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Sargent Bickham Lagudis LLC reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 94.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,125 shares of the bank’s stock after selling 33,462 shares during the period. Sargent Bickham Lagudis LLC’s holdings in Huntington Bancshares were worth $26,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in shares of Huntington Bancshares by 2.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 64,089 shares of the bank’s stock worth $988,000 after acquiring an additional 1,815 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Huntington Bancshares by 3.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 150,570 shares of the bank’s stock worth $2,322,000 after acquiring an additional 4,487 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Huntington Bancshares in the fourth quarter worth about $27,000. Goldman Sachs Group Inc. raised its stake in shares of Huntington Bancshares by 3.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,233,662 shares of the bank’s stock worth $96,124,000 after acquiring an additional 191,645 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Huntington Bancshares by 13.6% in the fourth quarter. LPL Financial LLC now owns 1,413,552 shares of the bank’s stock worth $21,797,000 after acquiring an additional 168,897 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Huntington Bancshares Stock Down 2.3 %

Shares of NASDAQ HBAN opened at $13.41 on Friday. The stock has a market cap of $19.34 billion, a P/E ratio of 11.97 and a beta of 1.18. The firm has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.82. Huntington Bancshares Incorporated has a 52-week low of $11.67 and a 52-week high of $17.79.

Huntington Bancshares (NASDAQ:HBANGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Huntington Bancshares had a net margin of 25.58% and a return on equity of 13.11%. During the same period last year, the company earned $0.35 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.46 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Friday, September 16th. Huntington Bancshares’s payout ratio is currently 55.36%.

Analyst Ratings Changes

A number of brokerages have weighed in on HBAN. Argus raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Thursday, July 28th. Keefe, Bruyette & Woods cut shares of Huntington Bancshares from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $17.00 to $15.00 in a research report on Thursday, June 2nd. Wedbush cut shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Thursday, June 30th. Wolfe Research cut shares of Huntington Bancshares from a “peer perform” rating to an “underperform” rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Thursday, May 26th. Finally, Piper Sandler cut shares of Huntington Bancshares from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $14.00 to $13.50 in a research report on Friday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Hold” and a consensus price target of $15.13.

Insider Buying and Selling at Huntington Bancshares

In related news, Director Gary Torgow purchased 19,382 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were purchased at an average price of $12.90 per share, with a total value of $250,027.80. Following the completion of the purchase, the director now owns 893,301 shares in the company, valued at approximately $11,523,582.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Zachary Jacob Wasserman sold 11,618 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.36, for a total value of $166,834.48. Following the sale, the chief financial officer now owns 230,394 shares of the company’s stock, valued at $3,308,457.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary Torgow acquired 19,382 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was acquired at an average cost of $12.90 per share, for a total transaction of $250,027.80. Following the transaction, the director now owns 893,301 shares of the company’s stock, valued at $11,523,582.90. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

About Huntington Bancshares

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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).

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

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