Sigma Planning Corp increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,485 shares of the bank’s stock after buying an additional 2,933 shares during the period. Sigma Planning Corp’s holdings in Huntington Bancshares were worth $268,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of Huntington Bancshares during the fourth quarter valued at $29,000. Moody National Bank Trust Division raised its position in Huntington Bancshares by 43.8% in the fourth quarter. Moody National Bank Trust Division now owns 4,191 shares of the bank’s stock worth $50,000 after acquiring an additional 1,276 shares in the last quarter. Bedel Financial Consulting Inc. raised its position in Huntington Bancshares by 371.8% in the fourth quarter. Bedel Financial Consulting Inc. now owns 5,312 shares of the bank’s stock worth $63,000 after acquiring an additional 4,186 shares in the last quarter. Columbia Asset Management bought a new stake in Huntington Bancshares in the third quarter worth about $103,000. Finally, NuWave Investment Management LLC raised its position in Huntington Bancshares by 5,991.8% in the third quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock worth $133,000 after acquiring an additional 8,748 shares in the last quarter. Institutional investors and hedge funds own 76.20% of the company’s stock.
Huntington Bancshares stock opened at $13.62 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86. Huntington Bancshares Incorporated has a 52-week low of $11.12 and a 52-week high of $16.60. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.12 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Friday, March 15th. Huntington Bancshares’s payout ratio is presently 46.67%.
In other Huntington Bancshares news, Director Kathleen H. Ransier sold 4,820 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $14.53, for a total transaction of $70,034.60. Following the transaction, the director now owns 113,712 shares in the company, valued at $1,652,235.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Helga Houston sold 42,608 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $14.66, for a total value of $624,633.28. The disclosure for this sale can be found here. Insiders have sold 65,938 shares of company stock worth $944,368 in the last 90 days. Company insiders own 1.05% of the company’s stock.
Several analysts have issued reports on HBAN shares. ValuEngine downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Sandler O’Neill cut Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Thursday, November 29th. They noted that the move was a valuation call. Raymond James boosted their price target on Huntington Bancshares from $15.50 to $16.00 and gave the company an “outperform” rating in a research note on Friday, November 16th. Wedbush cut Huntington Bancshares from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $16.00 in a research note on Friday, November 2nd. Finally, BMO Capital Markets lowered their price target on Huntington Bancshares from $17.00 to $15.00 and set a “market perform” rating for the company in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Huntington Bancshares currently has a consensus rating of “Hold” and a consensus price target of $16.54.
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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).
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