Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,349 shares of the bank’s stock after selling 854 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Huntington Bancshares were worth $722,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Capital Management Investments LLC lifted its position in shares of Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock worth $26,000 after buying an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in Huntington Bancshares by 126.8% in the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock worth $30,000 after acquiring an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Huntington Bancshares in the fourth quarter valued at approximately $37,000. Asset Dedication LLC grew its holdings in shares of Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock worth $53,000 after purchasing an additional 702 shares during the period. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

HBAN has been the subject of a number of recent research reports. Citigroup lowered their price objective on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Morgan Stanley cut their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Stephens restated an “equal weight” rating and issued a $18.50 target price on shares of Huntington Bancshares in a research report on Friday, February 7th. Finally, Barclays raised their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.18.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the transaction, the vice president now directly owns 453,129 shares in the company, valued at approximately $6,647,402.43. The trade was a 13.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the sale, the chief financial officer now owns 335,538 shares of the company’s stock, valued at $4,825,036.44. The trade was a 10.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,060 shares of company stock valued at $1,620,142 over the last three months. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $15.26 on Thursday. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm has a market cap of $22.29 billion, a P/E ratio of 12.41, a PEG ratio of 1.33 and a beta of 1.07. The business’s 50-day moving average price is $16.15 and its 200 day moving average price is $16.14.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the prior year, the company posted $0.27 EPS. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Huntington Bancshares 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.