Bartlett & Co. LLC cut its stake in shares of Huntington Bancshares Inc. (NASDAQ:HBAN) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 19,342 shares of the company’s stock after selling 200 shares during the period. Bartlett & Co. LLC’s holdings in Huntington Bancshares were worth $173,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Robecosam AG bought a new position in Huntington Bancshares during the first quarter worth approximately $125,000. Fulton Bank N.A. raised its position in Huntington Bancshares by 9.9% in the second quarter. Fulton Bank N.A. now owns 16,819 shares of the company’s stock worth $150,000 after buying an additional 1,513 shares in the last quarter. Prospera Financial Services Inc bought a new position in Huntington Bancshares during the second quarter worth approximately $198,000. Rehmann Capital Advisory Group raised its position in Huntington Bancshares by 9.9% in the first quarter. Rehmann Capital Advisory Group now owns 22,693 shares of the company’s stock worth $216,000 after buying an additional 2,037 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Huntington Bancshares by 51.2% in the first quarter. IFP Advisors Inc now owns 30,752 shares of the company’s stock worth $293,000 after buying an additional 10,418 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.
Huntington Bancshares Inc. (NASDAQ:HBAN) traded up 1.54% during midday trading on Friday, hitting $9.86. 10,208,743 shares of the company traded hands. The firm has a market capitalization of $7.88 billion, a PE ratio of 12.64 and a beta of 1.07. The stock’s 50-day moving average is $9.76 and its 200-day moving average is $9.67. Huntington Bancshares Inc. has a 12-month low of $7.83 and a 12-month high of $11.87.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. Huntington Bancshares had a return on equity of 11.07% and a net margin of 20.85%. During the same quarter in the prior year, the company earned $0.23 EPS. Analysts anticipate that Huntington Bancshares Inc. will post $0.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 15th. Huntington Bancshares’s dividend payout ratio (DPR) is 35.90%.
A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “hold” rating and set a $10.50 price objective on shares of Huntington Bancshares in a research note on Thursday, June 9th. Vetr upgraded shares of Huntington Bancshares from a “buy” rating to a “strong-buy” rating and set a $11.62 price objective on the stock in a research note on Wednesday, June 8th. Deutsche Bank AG upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.50 to $11.50 in a research note on Wednesday. Zacks Investment Research lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Finally, Jefferies Group restated a “buy” rating on shares of Huntington Bancshares in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.08.
In related news, EVP David S. Anderson sold 9,006 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $9.82, for a total transaction of $88,438.92. Following the completion of the sale, the executive vice president now directly owns 110,233 shares of the company’s stock, valued at $1,082,488.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Nicholas G. Stanutz sold 35,350 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $9.64, for a total transaction of $340,774.00. Following the sale, the executive vice president now directly owns 434,650 shares of the company’s stock, valued at $4,190,026. The disclosure for this sale can be found here. Corporate insiders own 1.65% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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