First Horizon Advisors Inc. holds a $62,000 stake in Huntington Bancshares Incorporated (NASDAQ: HBAN)


First Horizon Advisors Inc. decreased its holdings of shares of Huntington Bancshares Incorporated (NASDAQ: HBAN – Get Rating) by 41.2% in the 1st quarter, according to its most recent communication with the Securities and Exchange Commission. The fund held 4,190 shares of the bank after selling 2,931 shares during the quarter. First Horizon Advisors Inc.’s holdings in Huntington Bancshares were worth $62,000 when it last filed with the SEC.

Other large investors have also increased or reduced their stake in the company. Tortoise Investment Management LLC increased its stake in Huntington Bancshares by 433.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,600 shares of the bank valued at $25,000 after acquiring 1,300 additional shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Huntington Bancshares in the fourth quarter worth $27,000. Riverview Trust Co acquired a new stake in Huntington Bancshares in the first quarter worth $27,000. Rockbridge Investment Management LCC increased its stake in Huntington Bancshares by 2,000.0% in the fourth quarter. Rockbridge Investment Management LCC now owns 2,100 shares of the bank valued at $32,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Selective Wealth Management Inc. increased its stake in Huntington Bancshares by 110.0% in the first quarter. Selective Wealth Management Inc. now owns 2,100 shares of the bank valued at $31,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds hold 79.26% of the company’s shares.

Analysts set new price targets

A number of analysts have recently released reports on the stock. Argus upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a target price of $15.00 for the company in a research note on Thursday, July 28. Jefferies Financial Group lowered its price target on shares of Huntington Bancshares from $14.50 to $13.00 in a Monday, July 11 research report. JPMorgan Chase & Co. downgraded shares of Huntington Bancshares from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $17.50 to $14.50 in a report of research from Friday July 1st. Goldman Sachs Group lowered its price target on shares of Huntington Bancshares from $17.50 to $14.50 and set a “buy” rating on the stock in a Tuesday, May 31 research report. Finally, StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a Friday, April 22 research report. Three equity research analysts gave the stock a sell rating, seven gave the stock a hold rating, four gave the stock a buy rating and one gave the stock a high buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.11.

Insider buying and selling

In related news, Chief Financial Officer Zachary Jacob Wasserman sold 11,618 shares of Huntington Bancshares in a trade that took place on Tuesday August 16th. The shares were sold at an average price of $14.36, for a total transaction of $166,834.48. Following the sale, the CFO now directly owns 230,394 shares of the company, valued at approximately $3,308,457.84. The transaction was disclosed in a filing with the SEC, accessible via this link. In related news, Chief Financial Officer Zachary Jacob Wasserman sold 11,618 shares of Huntington Bancshares in a trade that took place on Tuesday August 16th. The shares were sold at an average price of $14.36, for a total transaction of $166,834.48. Following the sale, the CFO now directly owns 230,394 shares of the company, valued at approximately $3,308,457.84. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, director Gary Torgow purchased 19,382 shares of the company in a trade that took place on Wednesday, July 27. The shares were acquired at an average price of $12.90 per share, for a total transaction of $250,027.80. Following completion of the transaction, the administrator now owns 893,301 shares of the company, valued at $11,523,582.90. Disclosure of this purchase can be found here. Insiders sold a total of 45,240 shares of the company worth $629,537 in the past ninety days. Insiders of the company hold 0.72% of the shares of the company.

Huntington Banc shares trade down 1.7%

HBAN opened at $14.08 on Friday. The company’s 50-day moving average is $12.86 and its 200-day moving average is $13.84. Huntington Bancshares Incorporated has a 1-year low of $11.67 and a 1-year high of $17.79. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt ratio of 0.50. The company has a market capitalization of $20.31 billion, a P/E ratio of 12.57 and a beta of 1.20.

Huntington Bancshares (NASDAQ:HBAN – Get Rating) last released its quarterly results on Thursday, July 21. The bank reported earnings per share of $0.35 for the quarter, beating consensus analyst estimates 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 period a year earlier, the company posted EPS of $0.35. Equity research analysts expect Huntington Bancshares Incorporated to post 1.46 earnings per share for the current fiscal year.

Huntington Bancshares announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3. Investors of record on Monday, September 19 will receive a dividend of $0.155 per share. The ex-date of this dividend is Friday, September 16. This represents an annualized dividend of $0.62 and a yield of 4.40%. Huntington Bancshares’ dividend payout ratio is currently 55.36%.

About Huntington Bancshares

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Huntington Bancshares Incorporated operates as a bank holding company for Huntington National Bank which provides commercial, consumer and mortgage banking services in the United States. The Company operates through four segments: Personal and Commercial Banking; The Commercial Bank; Vehicle financing; 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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