Atria Wealth Solutions Inc. Sells 18,645 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Atria Wealth Solutions Inc. trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 210,920 shares of the bank’s stock after selling 18,645 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Huntington Bancshares were worth $2,713,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in Huntington Bancshares by 208.2% in the third quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock worth $753,000 after purchasing an additional 48,913 shares in the last quarter. Caprock Group LLC increased its holdings in Huntington Bancshares by 51.0% in the third quarter. Caprock Group LLC now owns 25,311 shares of the bank’s stock worth $268,000 after purchasing an additional 8,550 shares in the last quarter. Czech National Bank increased its holdings in Huntington Bancshares by 48.1% in the third quarter. Czech National Bank now owns 253,060 shares of the bank’s stock worth $2,632,000 after purchasing an additional 82,165 shares in the last quarter. Golden State Equity Partners increased its holdings in Huntington Bancshares by 3.8% in the third quarter. Golden State Equity Partners now owns 36,821 shares of the bank’s stock worth $383,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Huntington Bancshares by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 548,316 shares of the bank’s stock worth $5,702,000 after purchasing an additional 15,139 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HBAN shares. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $12.00 to $15.00 in a report on Tuesday, January 2nd. Citigroup raised 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. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Finally, Evercore ISI raised their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.17.

Huntington Bancshares Stock Down 0.2 %

Shares of NASDAQ:HBAN opened at $13.55 on Monday. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.50 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $14.07. The business’s 50 day moving average is $13.36 and its 200 day moving average is $12.28.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period last year, the company posted $0.38 earnings per share. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm 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. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.58%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Insider Buying and Selling

In related news, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, the director now directly owns 192,247 shares in the company, 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 Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction 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 in the company, valued at $2,603,024.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the sale, the chief financial officer now owns 305,884 shares in the company, valued at $4,178,375.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,189 shares of company stock worth $2,664,978. 0.92% of the stock is owned by company insiders.

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.