Focused Wealth Management Inc purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,800 shares of the bank’s stock, valued at approximately $148,000.
Other institutional investors also recently made changes to their positions in the company. Baystate Wealth Management LLC purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $31,000. Synovus Financial Corp increased its stake in Huntington Bancshares by 135.5% in the 3rd quarter. Synovus Financial Corp now owns 2,777 shares of the bank’s stock worth $40,000 after purchasing an additional 1,598 shares during the period. Horan Capital Advisors LLC. purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $41,000. HM Payson & Co. purchased a new position in Huntington Bancshares in the 2nd quarter worth approximately $40,000. Finally, Golden State Wealth Management LLC purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $43,000. 74.86% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ HBAN opened at $14.61 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $14.95 and its 200 day moving average is $14.23. Huntington Bancshares Incorporated has a twelve month low of $12.15 and a twelve month high of $15.63. The firm has a market capitalization of $15.19 billion, a PE ratio of 11.41, a P/E/G ratio of 1.94 and a beta of 1.46.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Tuesday, December 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.00%.
In other Huntington Bancshares news, insider Helga Houston sold 14,055 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $14.23, for a total value of $200,002.65. Following the sale, the insider now directly owns 474,498 shares of the company’s stock, valued at $6,752,106.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul G. Heller sold 7,144 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $14.76, for a total value of $105,445.44. Insiders sold 93,108 shares of company stock worth $1,352,544 over the last three months. Corporate insiders own 1.22% of the company’s stock.
HBAN has been the topic of several research analyst reports. Deutsche Bank cut Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Bank of America lowered Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Friday, October 25th. Barclays restated a “hold” rating and set a $17.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 7th. DA Davidson restated a “neutral” rating on shares of Huntington Bancshares in a research report on Monday, November 18th. Finally, Raymond James restated a “buy” rating and set a $16.00 price target on shares of Huntington Bancshares in a research report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.33.
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).
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