Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 10.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,480 shares of the bank’s stock after selling 29,444 shares during the period. Geneos Wealth Management Inc.’s holdings in Huntington Bancshares were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Core Alternative Capital acquired a new position in Huntington Bancshares during the first quarter valued at $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Huntington Bancshares in the fourth quarter worth about $27,000. Riverview Trust Co acquired a new position in shares of Huntington Bancshares in the first quarter worth about $27,000. Selective Wealth Management Inc. raised its position in shares of Huntington Bancshares by 110.0% in the first quarter. Selective Wealth Management Inc. now owns 2,100 shares of the bank’s stock worth $31,000 after acquiring an additional 1,100 shares during the period. Finally, Rockbridge Investment Management LCC raised its position in shares of Huntington Bancshares by 2,000.0% in the fourth quarter. Rockbridge Investment Management LCC now owns 2,100 shares of the bank’s stock worth $32,000 after acquiring an additional 2,000 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 2.3 %

Shares of NASDAQ HBAN opened at $14.46 on Tuesday. Huntington Bancshares Incorporated has a 12-month low of $11.67 and a 12-month high of $17.79. The stock has a market cap of $20.85 billion, a PE ratio of 12.91 and a beta of 1.18. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $13.34 and a 200 day moving average of $13.57.

Huntington Bancshares (NASDAQ:HBANGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $0.35 earnings per share. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.46 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be issued a $0.155 dividend. The ex-dividend date is Friday, September 16th. This represents a $0.62 annualized dividend and a yield of 4.29%. Huntington Bancshares’s payout ratio is 55.36%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 11,618 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $14.36, for a total value of $166,834.48. Following the transaction, the chief financial officer now directly owns 230,394 shares in the company, valued at approximately $3,308,457.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 11,618 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $14.36, for a total value of $166,834.48. Following the transaction, the chief financial officer now directly owns 230,394 shares in the company, valued at approximately $3,308,457.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Torgow acquired 19,382 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was bought at an average price of $12.90 per share, for a total transaction of $250,027.80. Following the completion of the acquisition, the director now owns 893,301 shares in the company, valued at approximately $11,523,582.90. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on HBAN. The Goldman Sachs Group decreased their price objective on shares of Huntington Bancshares from $17.50 to $14.50 and set a “buy” rating for the company in a research report on Tuesday, May 31st. Wolfe Research downgraded shares of Huntington Bancshares from a “peer perform” rating to an “underperform” rating and decreased their price objective for the stock from $15.00 to $11.00 in a research report on Thursday, May 26th. Wedbush downgraded shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Thursday, June 30th. Morgan Stanley cut their target price on shares of Huntington Bancshares from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Finally, Keefe, Bruyette & Woods cut shares of Huntington Bancshares from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $17.00 to $15.00 in a research note on Thursday, June 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.13.

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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