Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Elevated Capital Advisors LLC lifted its holdings in shares of Huntington Bancshares by 2.0% in the fourth quarter. Elevated Capital Advisors LLC now owns 57,005 shares of the bank’s stock valued at $927,000 after purchasing an additional 1,094 shares in the last quarter. Wedmont Private Capital grew its position in Huntington Bancshares by 8.1% in the 4th quarter. Wedmont Private Capital now owns 28,069 shares of the bank’s stock worth $450,000 after purchasing an additional 2,108 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in Huntington Bancshares by 24.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 10,243 shares of the bank’s stock worth $168,000 after purchasing an additional 1,985 shares during the period. Brookstone Capital Management boosted its holdings in Huntington Bancshares by 1.4% during the fourth quarter. Brookstone Capital Management now owns 694,290 shares of the bank’s stock valued at $11,296,000 after purchasing an additional 9,611 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Huntington Bancshares by 6.5% during the 4th quarter. Czech National Bank now owns 314,999 shares of the bank’s stock worth $5,125,000 after purchasing an additional 19,123 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock 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 stock has a market capitalization of $23.56 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. The company has a fifty day moving average of $17.07 and a 200-day moving average of $15.38. Huntington Bancshares Incorporated has a 52-week low of $12.02 and a 52-week high of $18.44.

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

Huntington Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

HBAN has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their price target on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. 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 report on Tuesday, November 19th. Finally, Evercore ISI raised their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.76.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock valued at $757,356 over the last ninety days. 0.89% of the stock is owned by insiders.

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.