Stratos Wealth Partners LTD. lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,203 shares of the bank’s stock after selling 1,987 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Huntington Bancshares were worth $1,475,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Executive Wealth Management LLC boosted its position in shares of Huntington Bancshares by 4.1% in the second quarter. Executive Wealth Management LLC now owns 28,459 shares of the bank’s stock valued at $257,000 after acquiring an additional 1,124 shares during the period. Greenleaf Trust boosted its position in shares of Huntington Bancshares by 2.5% in the first quarter. Greenleaf Trust now owns 55,925 shares of the bank’s stock valued at $459,000 after acquiring an additional 1,365 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in shares of Huntington Bancshares by 8.8% in the second quarter. Beacon Investment Advisory Services Inc. now owns 17,855 shares of the bank’s stock valued at $161,000 after acquiring an additional 1,446 shares during the period. Cetera Advisor Networks LLC boosted its position in shares of Huntington Bancshares by 4.3% in the first quarter. Cetera Advisor Networks LLC now owns 37,666 shares of the bank’s stock valued at $309,000 after acquiring an additional 1,549 shares during the period. Finally, First Mercantile Trust Co. boosted its position in shares of Huntington Bancshares by 12.0% in the first quarter. First Mercantile Trust Co. now owns 15,791 shares of the bank’s stock valued at $130,000 after acquiring an additional 1,687 shares during the period. Institutional investors own 73.91% of the company’s stock.
HBAN stock opened at $9.27 on Friday. The company has a market capitalization of $9.44 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 3.19 and a beta of 1.53. Huntington Bancshares Incorporated has a one year low of $6.82 and a one year high of $15.63. The company’s 50 day moving average price is $9.23 and its two-hundred day moving average price is $10.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.90 and a current ratio of 0.92.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.04 by $0.09. Huntington Bancshares had a net margin of 16.27% and a return on equity of 8.35%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Huntington Bancshares Incorporated will post 0.59 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Wednesday, September 16th. Huntington Bancshares’s payout ratio is 47.24%.
In related news, EVP Paul G. Heller sold 46,726 shares of Huntington Bancshares stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $9.10, for a total value of $425,206.60. Following the transaction, the executive vice president now directly owns 532,943 shares of the company’s stock, valued at $4,849,781.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Several equities research analysts have issued reports on HBAN shares. ValuEngine upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. Barclays reiterated a “hold” rating and set a $12.00 target price on shares of Huntington Bancshares in a research report on Thursday, April 9th. BidaskClub lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. Morgan Stanley lifted their target price on shares of Huntington Bancshares from $10.50 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, June 8th. Finally, UBS Group lifted their target price on shares of Huntington Bancshares from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.04.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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