Huntington Bancshares Incorporated $HBAN Stock: Sigma Planning Corp Decreases Position

Sigma Planning Corp lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 78.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,873 shares of the bank’s stock after selling 57,409 shares during the quarter. Sigma Planning Corp’s holdings in Huntington Bancshares were worth $242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HBAN. TD Waterhouse Canada Inc. grew its position in shares of Huntington Bancshares by 90.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after buying an additional 800 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Huntington Bancshares during the second quarter worth about $29,000. Johnson Financial Group Inc. purchased a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $31,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Huntington Bancshares by 80.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock valued at $35,000 after purchasing an additional 994 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Huntington Bancshares in the second quarter valued at approximately $35,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Trading Up 1.5%

Shares of HBAN opened at $16.01 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a 1-year low of $14.82 and a 1-year high of $19.45. The stock has a market cap of $32.35 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95. The firm has a 50 day simple moving average of $15.94 and a 200-day simple moving average of $16.70.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.41 EPS. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.54 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be paid a $0.1550 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, December 18th. Huntington Bancshares’s payout ratio is currently 51.24%.

Insider Transactions at Huntington Bancshares

In other news, Director Gary Torgow acquired 12,700 shares of the stock in a transaction on Tuesday, October 27th. The stock was bought at an average price of $15.73 per share, with a total value of $199,771.00. Following the completion of the transaction, the director directly owned 956,041 shares of the company’s stock, valued at $15,038,524.93. The trade was a 1.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James D. Rollins III bought 14,000 shares of Huntington Bancshares stock in a transaction dated Monday, October 26th. The shares were purchased at an average cost of $18.12 per share, for a total transaction of $253,680.00. Following the completion of the transaction, the director owned 15,500 shares of the company’s stock, valued at approximately $280,860. This represents a 933.33% increase in their position. The SEC filing for this purchase provides additional information. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HBAN. Wolfe Research cut shares of Huntington Bancshares from an “outperform” rating to a “peer perform” rating in a report on Tuesday, October 27th. UBS Group set a $18.00 price target on Huntington Bancshares in a report on Tuesday, October 6th. Morgan Stanley cut Huntington Bancshares from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $21.00 to $19.00 in a research report on Friday, July 24th. Bank of America cut Huntington Bancshares from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $18.50 in a research note on Monday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $18.98.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.