Fort Sheridan Advisors LLC Increases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fort Sheridan Advisors LLC raised its position in Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,500 shares of the bank’s stock after purchasing an additional 1,500 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Huntington Bancshares were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its position in Huntington Bancshares by 433.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,600 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,300 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Huntington Bancshares in the fourth quarter worth $27,000. Riverview Trust Co acquired a new position in shares of Huntington Bancshares in the first quarter worth $27,000. Larson Financial Group LLC acquired a new position in shares of Huntington Bancshares in the fourth quarter worth $31,000. Finally, Rockbridge Investment Management LCC grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Huntington Bancshares Trading Up 1.0 %

NASDAQ HBAN opened at $13.45 on Friday. The stock has a market capitalization of $19.40 billion, a P/E ratio of 12.01 and a beta of 1.20. Huntington Bancshares Incorporated has a 52-week low of $11.67 and a 52-week high of $17.79. The firm has a 50-day moving average price of $12.74 and a 200 day moving average price of $13.95. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.50.

Huntington Bancshares (NASDAQ:HBANGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The bank reported $0.35 earnings per share (EPS) for the quarter, topping 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 company earned $0.35 earnings per share. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.46 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.62 annualized dividend and a dividend yield of 4.61%. Huntington Bancshares’s dividend payout ratio is currently 55.36%.

Insider Buying and Selling

In related news, CFO Zachary Jacob Wasserman sold 5,456 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $13.72, for a total transaction of $74,856.32. Following the completion of the transaction, the chief financial officer now directly owns 207,777 shares in the company, valued at approximately $2,850,700.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gary Torgow acquired 19,382 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was acquired at an average cost of $12.90 per share, for a total transaction of $250,027.80. Following the acquisition, the director now directly owns 893,301 shares in the company, valued at approximately $11,523,582.90. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 5,456 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $13.72, for a total transaction of $74,856.32. Following the sale, the chief financial officer now directly owns 207,777 shares of the company’s stock, valued at $2,850,700.44. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HBAN. Wolfe Research downgraded shares of Huntington Bancshares from a “peer perform” rating to an “underperform” rating and lowered their target price for the stock from $15.00 to $11.00 in a research note on Thursday, May 26th. Raymond James lowered their target price on shares of Huntington Bancshares from $18.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 7th. Bank of America downgraded shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Friday, April 8th. Wedbush downgraded shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Thursday, June 30th. Finally, Piper Sandler downgraded shares of Huntington Bancshares from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $13.50 in a research note on Friday, July 8th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.11.

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).

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

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