Marcum Wealth LLC Trims Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Marcum Wealth LLC cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,275 shares of the bank’s stock after selling 624 shares during the quarter. Marcum Wealth LLC’s holdings in Huntington Bancshares were worth $802,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after acquiring an additional 728 shares during the last quarter. Dillon & Associates Inc. lifted its position in Huntington Bancshares by 5.9% during the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after acquiring an additional 795 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Huntington Bancshares by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after acquiring an additional 800 shares during the period. Lake Street Advisors Group LLC boosted its holdings in Huntington Bancshares by 5.0% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,783 shares of the bank’s stock valued at $264,000 after purchasing an additional 846 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of Huntington Bancshares by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 79,427 shares of the bank’s stock worth $1,168,000 after purchasing an additional 885 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 1.2 %

Shares of HBAN opened at $16.22 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a 50 day moving average price of $17.07 and a 200-day moving average price of $15.38. The firm has a market cap of $23.56 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 3.42 and a beta of 1.07. Huntington Bancshares Incorporated has a fifty-two week low of $12.02 and a fifty-two week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period last year, the business earned $0.36 earnings per share. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were issued a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.82%. Huntington Bancshares’s dividend payout ratio (DPR) is 59.62%.

Insiders Place Their Bets

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock valued at $757,356 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a report on Monday, December 23rd. The Goldman Sachs Group lifted their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $17.76.

About Huntington Bancshares

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.