Focused Wealth Management Inc Makes New Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

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.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 24th. The bank reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Huntington Bancshares had a return on equity of 13.83% and a net margin of 25.24%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.29 earnings per share for the current year.

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

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