SG Americas Securities LLC Acquires 74,081 Shares of Huntington Bancshares Incorporated (HBAN)

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SG Americas Securities LLC boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 110.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,085 shares of the bank’s stock after acquiring an additional 74,081 shares during the period. SG Americas Securities LLC’s holdings in Huntington Bancshares were worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. We Are One Seven LLC bought a new stake in Huntington Bancshares during the 4th quarter valued at about $29,000. Moody National Bank Trust Division increased its stake in Huntington Bancshares by 43.8% during the 4th quarter. Moody National Bank Trust Division now owns 4,191 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,276 shares in the last quarter. Bedel Financial Consulting Inc. increased its stake in Huntington Bancshares by 371.8% during the 4th quarter. Bedel Financial Consulting Inc. now owns 5,312 shares of the bank’s stock valued at $63,000 after purchasing an additional 4,186 shares in the last quarter. Columbia Asset Management bought a new stake in Huntington Bancshares during the 3rd quarter valued at about $103,000. Finally, Gillespie Robinson & Grimm Inc. bought a new stake in Huntington Bancshares during the 4th quarter valued at about $119,000. 76.20% of the stock is owned by institutional investors.

Shares of HBAN stock traded up $0.24 during trading hours on Friday, reaching $13.93. The company had a trading volume of 90,348 shares, compared to its average volume of 12,211,190. Huntington Bancshares Incorporated has a one year low of $11.12 and a one year high of $16.60. The firm has a market capitalization of $14.74 billion, a PE ratio of 11.62, a P/E/G ratio of 1.15 and a beta of 1.35. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Huntington Bancshares had a return on equity of 13.93% and a net margin of 26.43%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.02%. Huntington Bancshares’s dividend payout ratio is presently 46.67%.

A number of analysts have weighed in on HBAN shares. BidaskClub upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 19th. ValuEngine upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. Zacks Investment Research lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Raymond James reduced their price objective on shares of Huntington Bancshares from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Finally, Sandler O’Neill lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday, November 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.54.

In other news, EVP Daniel J. Neumeyer sold 60,000 shares of Huntington Bancshares stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the sale, the executive vice president now directly owns 356,615 shares in the company, valued at $4,889,191.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark E. Thompson sold 18,510 shares of Huntington Bancshares stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $13.49, for a total transaction of $249,699.90. Following the completion of the sale, the executive vice president now owns 667,175 shares of the company’s stock, valued at $9,000,190.75. The disclosure for this sale can be found here. Insiders sold 83,330 shares of company stock valued at $1,142,335 over the last quarter. Company insiders own 1.05% of the company’s stock.

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Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

Read More: What is the Difference Between Common Shares and Convertible Shares?

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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