B. Riley Wealth Advisors Inc. Sells 6,350 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

B. Riley Wealth Advisors Inc. trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,120 shares of the bank’s stock after selling 6,350 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Huntington Bancshares were worth $4,585,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank acquired a new position in Huntington Bancshares during the 3rd quarter valued at about $5,261,000. Vest Financial LLC raised its holdings in Huntington Bancshares by 16.5% during the 4th quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after acquiring an additional 141,410 shares during the period. KBC Group NV raised its holdings in Huntington Bancshares by 715.0% during the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after acquiring an additional 3,729,974 shares during the period. Tower Research Capital LLC TRC raised its holdings in Huntington Bancshares by 160.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 206,193 shares of the bank’s stock valued at $2,623,000 after acquiring an additional 126,900 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in shares of Huntington Bancshares by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 4,530 shares of the bank’s stock worth $58,000 after purchasing an additional 1,371 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HBAN shares. UBS Group cut 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 report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research report on Tuesday, June 11th. Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Stephens restated an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Huntington Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $15.13.

Read Our Latest Report on Huntington Bancshares

Huntington Bancshares Price Performance

NASDAQ HBAN traded up $0.17 on Monday, reaching $12.39. The company had a trading volume of 19,533,336 shares, compared to its average volume of 16,711,586. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $17.96 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08. The firm’s 50 day moving average price is $13.57 and its 200 day moving average price is $13.09. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $14.30.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.38 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.00%. Huntington Bancshares’s payout ratio is currently 55.86%.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Helga Houston sold 7,278 shares of Huntington Bancshares 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 filing with the SEC, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the sale, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The disclosure for this sale can be found here. Insiders sold 157,829 shares of company stock valued at $2,148,623 in the last three months. Corporate insiders own 0.92% of the company’s stock.

About Huntington Bancshares

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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