Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,739 shares of the bank’s stock after selling 4,393 shares during the period. Raleigh Capital Management Inc.’s holdings in Huntington Bancshares were worth $1,510,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Huntington Bancshares by 64.2% in the fourth quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock valued at $3,877,000 after purchasing an additional 119,178 shares during the period. Wedmont Private Capital lifted its position in Huntington Bancshares by 7.2% in the first quarter. Wedmont Private Capital now owns 14,262 shares of the bank’s stock valued at $200,000 after buying an additional 960 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Huntington Bancshares by 1.3% during the first quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after acquiring an additional 794 shares during the last quarter. &PARTNERS acquired a new position in Huntington Bancshares during the 1st quarter worth $146,000. Finally, Ballentine Partners LLC increased its holdings in Huntington Bancshares by 16.0% during the 1st quarter. Ballentine Partners LLC now owns 17,940 shares of the bank’s stock worth $250,000 after purchasing an additional 2,475 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Activity

In related news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the transaction, the insider now directly owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the completion of the sale, the insider now owns 65,899 shares in the company, valued at approximately $987,167.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the transaction, the vice president now directly owns 11,111 shares in the company, valued at $167,331.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,085 shares of company stock valued at $391,929 in the last ninety days. Company insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

HBAN has been the topic of a number of recent research reports. Bank of America upped their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a report on Friday. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Friday. Jefferies Financial Group cut their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, Barclays increased their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $16.03.

Huntington Bancshares Trading Down 0.6 %

Shares of HBAN opened at $15.27 on Tuesday. Huntington Bancshares Incorporated has a fifty-two week low of $9.25 and a fifty-two week high of $16.03. The stock has a fifty day moving average of $14.56 and a two-hundred day moving average of $13.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market capitalization of $22.13 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period last year, the company earned $0.36 EPS. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.06%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Huntington Bancshares Company Profile

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 offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.