Marcum Wealth LLC Sells 1,051 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Marcum Wealth LLC lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.0% in the second quarter, HoldingsChannel reports. The fund owned 50,447 shares of the bank’s stock after selling 1,051 shares during the period. Marcum Wealth LLC’s holdings in Huntington Bancshares were worth $665,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $29,000. YHB Investment Advisors Inc. purchased a new stake in Huntington Bancshares during the 1st quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $29,000. Nemes Rush Group LLC raised its position in shares of Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new position in Huntington Bancshares during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN stock traded down $0.47 during midday trading on Monday, reaching $13.28. 23,358,664 shares of the company were exchanged, compared to its average volume of 17,525,650. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $15.24. The company has a market cap of $19.25 billion, a P/E ratio of 11.96, a PEG ratio of 2.94 and a beta of 1.06. The company’s 50 day moving average price is $13.51 and its two-hundred day moving average price is $13.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $0.35 earnings per share. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.67%. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 7,278 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the sale, the insider now directly owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Helga Houston sold 7,278 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the transaction, the insider now directly owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The disclosure for this sale can be found here. Insiders have sold a total of 123,900 shares of company stock worth $1,862,176 in the last 90 days. 0.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HBAN shares. Stephens reaffirmed an “equal weight” rating and issued a $15.00 price objective on shares of Huntington Bancshares in a research note on Monday, April 22nd. Baird R W lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Evercore ISI dropped their target price on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Jefferies Financial Group reduced their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Argus boosted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.59.

Huntington Bancshares 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.