HB Wealth Management LLC Raises Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

HB Wealth Management LLC increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 87.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,956 shares of the bank’s stock after purchasing an additional 10,709 shares during the quarter. HB Wealth Management LLC’s holdings in Huntington Bancshares were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of Huntington Bancshares by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 86,009 shares of the bank’s stock worth $1,094,000 after purchasing an additional 13,605 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Huntington Bancshares by 11.3% during the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 12,764 shares of the bank’s stock worth $164,000 after purchasing an additional 1,293 shares during the last quarter. Everhart Financial Group Inc. raised its stake in Huntington Bancshares by 7.0% in the fourth quarter. Everhart Financial Group Inc. now owns 56,873 shares of the bank’s stock valued at $723,000 after buying an additional 3,711 shares during the last quarter. CX Institutional purchased a new stake in Huntington Bancshares in the fourth quarter valued at about $205,000. Finally, Rosenthal Henry Capital Advisors Inc. raised its stake in Huntington Bancshares by 7.2% in the fourth quarter. Rosenthal Henry Capital Advisors Inc. now owns 200,000 shares of the bank’s stock valued at $2,544,000 after buying an additional 13,500 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Bancshares

In other 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 sale, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 sale, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock valued at $1,360,359 over the last ninety days. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Huntington Bancshares from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Citigroup raised their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Raymond James raised their price objective on Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, December 26th. The Goldman Sachs Group raised their price objective on Huntington Bancshares from $12.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. 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 given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $13.72.

Read Our Latest Stock Report on Huntington Bancshares

Huntington Bancshares Stock Up 1.2 %

Shares of HBAN opened at $13.95 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $13.97. The stock’s 50 day moving average is $13.01 and its two-hundred day moving average is $11.79. The firm has a market cap of $20.23 billion, a P/E ratio of 11.25 and a beta of 1.09.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. During the same period in the previous year, the company posted $0.43 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, March 15th. Huntington Bancshares’s dividend payout ratio is presently 50.00%.

About Huntington Bancshares

(Free Report)

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.

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

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