Sigma Planning Corp Has $1.16 Million Position in Huntington Bancshares Incorporated $HBAN

Sigma Planning Corp grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 330.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,653 shares of the bank’s stock after buying an additional 56,556 shares during the period. Sigma Planning Corp’s holdings in Huntington Bancshares were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HBAN. Sagespring Wealth Partners LLC lifted its stake in shares of Huntington Bancshares by 2.4% in the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after acquiring an additional 587 shares during the period. Values First Advisors Inc. increased its position in Huntington Bancshares by 3.0% during the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after purchasing an additional 604 shares during the period. MCF Advisors LLC raised its holdings in Huntington Bancshares by 12.6% during the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock worth $95,000 after purchasing an additional 609 shares during the last quarter. Balboa Wealth Partners lifted its position in shares of Huntington Bancshares by 2.5% in the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after purchasing an additional 662 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in shares of Huntington Bancshares by 4.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after purchasing an additional 694 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Down 1.7%

NASDAQ:HBAN opened at $18.25 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $37.00 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.82 and a beta of 0.93. The firm has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $16.92. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. Analysts expect that Huntington Bancshares Incorporated will post 1.62 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, June 17th. Huntington Bancshares’s payout ratio is presently 47.69%.

Insider Buying and Selling

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have purchased 33,500 shares of company stock worth $617,542. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HBAN shares. Stephens started coverage on shares of Huntington Bancshares in a research report on Monday, June 15th. They set an “equal weight” rating and a $19.00 price objective for the company. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a report on Monday, July 6th. Jefferies Financial Group lowered Huntington Bancshares from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $21.00 to $19.00 in a research report on Monday, July 6th. Finally, Wolfe Research dropped their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.25.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.