Carret Asset Management LLC Has $182,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Carret Asset Management LLC reduced its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,825 shares of the bank’s stock after selling 1,650 shares during the period. Carret Asset Management LLC’s holdings in Huntington Bancshares were worth $182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HBAN. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares in the first quarter worth approximately $29,000. Nemes Rush Group LLC boosted its stake in shares of Huntington Bancshares by 140.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after buying an additional 1,391 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at $30,000. Register Financial Advisors LLC acquired a new position in shares of Huntington Bancshares in the first quarter worth $40,000. Finally, ORG Partners LLC increased its stake in shares of Huntington Bancshares by 354.9% in the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock worth $44,000 after acquiring an additional 2,594 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the transaction, the vice president now owns 69,595 shares in the company, valued at $1,054,364.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Helga Houston sold 11,288 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76. Following the sale, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the transaction, the vice president now owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The disclosure for this sale can be found here. In the last three months, insiders sold 116,622 shares of company stock valued at $1,762,904. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 1.2 %

Shares of HBAN stock opened at $14.97 on Tuesday. The firm has a market capitalization of $21.74 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 3.05 and a beta of 1.06. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $15.24. The firm’s fifty day simple moving average is $13.94 and its 200 day simple moving average is $13.59. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

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

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is 55.86%.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of recent research reports. Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Friday, July 26th. Piper Sandler boosted their price target on Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Royal Bank of Canada raised their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Jefferies Financial Group reduced their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Evercore ISI dropped their price target on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.59.

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.