Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Winch Advisory Services LLC

Winch Advisory Services LLC decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 47.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,870 shares of the bank’s stock after selling 3,547 shares during the quarter. Winch Advisory Services LLC’s holdings in Huntington Bancshares were worth $63,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HBAN. Asset Dedication LLC lifted its holdings in shares of Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS acquired a new position in Huntington Bancshares in the 3rd quarter worth approximately $29,000. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares during the 3rd quarter worth approximately $31,000. Fortitude Family Office LLC acquired a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $32,000. Finally, UMB Bank n.a. boosted its holdings in shares of Huntington Bancshares by 19.1% in the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after acquiring an additional 728 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,699 shares of company stock worth $757,356. Insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $17.04 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a 1 year low of $12.02 and a 1 year high of $18.44. The firm has a market capitalization of $24.76 billion, a PE ratio of 16.38, a P/E/G ratio of 2.51 and a beta of 1.07. The business’s 50 day moving average price is $17.08 and its 200-day moving average price is $15.42.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.36 EPS. As a group, equities research analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research report on Monday, December 23rd. Finally, Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.76.

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.