Wesbanco Bank Inc. Has $2.91 Million Holdings in Huntington Bancshares Incorporated $HBAN

Wesbanco Bank Inc. trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 168,633 shares of the bank’s stock after selling 67,041 shares during the period. Wesbanco Bank Inc.’s holdings in Huntington Bancshares were worth $2,912,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LifeWealth Investments LLC raised its position in Huntington Bancshares by 2.3% during the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock valued at $478,000 after acquiring an additional 632 shares in the last quarter. Parcion Private Wealth LLC increased its stake in shares of Huntington Bancshares by 6.2% during the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after purchasing an additional 648 shares during the last quarter. Strategic Planning Inc. raised its holdings in shares of Huntington Bancshares by 0.3% during the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after purchasing an additional 670 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Huntington Bancshares by 1.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 73,147 shares of the bank’s stock valued at $1,263,000 after purchasing an additional 758 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in Huntington Bancshares by 3.1% in the third quarter. Wedmont Private Capital now owns 27,294 shares of the bank’s stock worth $457,000 after purchasing an additional 808 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 64,587 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the completion of the transaction, the insider owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This represents a 10.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marcy C. Hingst sold 12,832 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the sale, the executive vice president owned 239,473 shares of the company’s stock, valued at $4,310,514. This represents a 5.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 103,693 shares of company stock valued at $1,693,220. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HBAN. Barclays boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. National Bankshares set a $21.00 target price on Huntington Bancshares in a report on Wednesday, February 4th. Argus increased their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Raymond James Financial boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Huntington Bancshares Trading Down 2.3%

Shares of Huntington Bancshares stock opened at $18.57 on Wednesday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $19.45. The company’s fifty day simple moving average is $17.81 and its 200-day simple moving average is $16.98. The company has a market cap of $29.24 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.77 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company earned $0.34 earnings per share. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.3%. Huntington Bancshares’s dividend payout ratio (DPR) is 44.60%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.