Fullcircle Wealth LLC Decreases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fullcircle Wealth LLC lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,184 shares of the bank’s stock after selling 1,261 shares during the quarter. Fullcircle Wealth LLC’s holdings in Huntington Bancshares were worth $161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its position in Huntington Bancshares by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock worth $2,192,000 after acquiring an additional 780 shares during the last quarter. Norden Group LLC purchased a new stake in Huntington Bancshares in the 1st quarter valued at approximately $551,000. First Trust Direct Indexing L.P. grew its holdings in Huntington Bancshares by 25.1% during the 1st quarter. First Trust Direct Indexing L.P. now owns 32,725 shares of the bank’s stock valued at $457,000 after buying an additional 6,564 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Huntington Bancshares by 48.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 749,090 shares of the bank’s stock worth $10,061,000 after buying an additional 244,400 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Huntington Bancshares by 25.1% in the first quarter. BNP Paribas Financial Markets now owns 1,524,804 shares of the bank’s stock worth $21,271,000 after acquiring an additional 306,205 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $15.48 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a 1-year low of $9.75 and a 1-year high of $16.03. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 3.18 and a beta of 1.03. The business has a 50-day moving average of $14.90 and a 200-day moving average of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the prior year, the business earned $0.36 EPS. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.2 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.01%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HBAN shares. Morgan Stanley lifted their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Baird R W cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Evercore ISI increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays lifted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.09.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.