Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,988 shares of the bank’s stock after selling 1,005 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Huntington Bancshares were worth $341,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of HBAN. UMB Bank n.a. increased its stake in shares of Huntington Bancshares by 19.1% during 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 period. Lantz Financial LLC lifted its holdings in shares of Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock valued at $224,000 after buying an additional 790 shares during the period. Dillon & Associates Inc. boosted its stake in shares of Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock valued at $215,000 after buying an additional 795 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in Huntington Bancshares by 7.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock worth $191,000 after acquiring an additional 795 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in Huntington Bancshares by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on HBAN. Citigroup upped their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods increased their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. DA Davidson boosted their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.06.
Insiders Place Their Bets
In other news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.
Huntington Bancshares Trading Down 0.3 %
NASDAQ HBAN opened at $17.17 on Thursday. The company has a market cap of $24.94 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.39 and a beta of 1.07. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a 50-day moving average of $16.98 and a 200-day moving average of $15.69.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the business earned $0.27 earnings per share. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.
Huntington Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.
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.
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