J.W. Cole Advisors Inc. Lowers Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

J.W. Cole Advisors Inc. trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,741 shares of the bank’s stock after selling 1,240 shares during the period. J.W. Cole Advisors Inc.’s holdings in Huntington Bancshares were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. PDS Planning Inc grew its position in Huntington Bancshares by 3.0% in the 1st quarter. PDS Planning Inc now owns 26,368 shares of the bank’s stock valued at $386,000 after buying an additional 778 shares during the last quarter. Wrapmanager Inc. grew its position in Huntington Bancshares by 2.6% in the 1st quarter. Wrapmanager Inc. now owns 31,433 shares of the bank’s stock valued at $460,000 after buying an additional 793 shares during the last quarter. Guardian Wealth Management Inc. grew its position in Huntington Bancshares by 3.5% in the 1st quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock valued at $363,000 after buying an additional 835 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Huntington Bancshares by 0.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 191,877 shares of the bank’s stock valued at $2,805,000 after buying an additional 844 shares during the last quarter. Finally, Todd Asset Management LLC grew its position in Huntington Bancshares by 1.6% in the 1st quarter. Todd Asset Management LLC now owns 59,055 shares of the bank’s stock valued at $863,000 after buying an additional 914 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Down 0.9 %

Shares of HBAN stock opened at $13.90 on Wednesday. The firm has a 50-day moving average price of $13.54 and a 200 day moving average price of $13.54. Huntington Bancshares Incorporated has a twelve month low of $11.67 and a twelve month high of $17.79. The company has a market capitalization of $20.05 billion, a price-to-earnings ratio of 12.41 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.

Huntington Bancshares (NASDAQ:HBANGet Rating) last announced its earnings results on Thursday, July 21st. The bank reported $0.35 earnings per share 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 period in the prior year, the business posted $0.35 earnings per share. Research analysts forecast that Huntington Bancshares Incorporated will post 1.46 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, October 3rd. Shareholders of record on Monday, September 19th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.46%. The ex-dividend date is Friday, September 16th. Huntington Bancshares’s dividend payout ratio (DPR) is 55.36%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 11,618 shares of Huntington Bancshares stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.36, for a total value of $166,834.48. Following the completion of the sale, the chief financial officer now 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 can be accessed through this link. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 11,618 shares of Huntington Bancshares stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.36, for a total value of $166,834.48. Following the completion of the sale, the chief financial officer now 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 can be accessed through this link. Also, Director Gary Torgow purchased 19,382 shares of the stock in a transaction on Wednesday, July 27th. The stock was acquired at an average price of $12.90 per share, with a total value of $250,027.80. Following the acquisition, the director now directly owns 893,301 shares in the company, valued at $11,523,582.90. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on HBAN. Wolfe Research lowered shares of Huntington Bancshares from a “peer perform” rating to an “underperform” rating and decreased their target price for the stock from $15.00 to $11.00 in a research report on Thursday, May 26th. Argus upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, July 28th. Morgan Stanley decreased their target price on shares of Huntington Bancshares from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 12th. Raymond James decreased their target price on shares of Huntington Bancshares from $18.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 7th. Finally, Wedbush lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Thursday, June 30th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Hold” and a consensus price target of $15.13.

Huntington Bancshares Profile

(Get Rating)

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).

Featured Stories

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

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.