Hexagon Capital Partners LLC Has $57,000 Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Hexagon Capital Partners LLC trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,091 shares of the bank’s stock after selling 930 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Huntington Bancshares were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Wetzel Investment Advisors Inc. acquired a new position in Huntington Bancshares during the 4th quarter worth $29,000. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares during the first quarter worth about $29,000. Nemes Rush Group LLC increased its stake 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 valued at $30,000 after acquiring an additional 1,391 shares during the last quarter. Planned Solutions Inc. bought a new stake in Huntington Bancshares in the fourth quarter valued at approximately $33,000. Finally, Register Financial Advisors LLC acquired a new stake in Huntington Bancshares in the first quarter worth $40,000. 80.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HBAN. JPMorgan Chase & Co. decreased their price target on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a report on Thursday, June 27th. Stephens reiterated an “equal weight” rating and set a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. UBS 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 Thursday, June 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price objective on shares of Huntington Bancshares in a report on Tuesday, June 11th. Finally, Bank of America upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.03.

Insider Transactions at Huntington Bancshares

In other news, insider Helga Houston sold 7,278 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total transaction of $99,271.92. Following the transaction, the insider now owns 648,904 shares in the company, valued at $8,851,050.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Huntington Bancshares 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 value of $99,271.92. Following the completion of the sale, the insider now owns 648,904 shares in the company, valued at approximately $8,851,050.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the transaction, the chief financial officer now directly owns 305,884 shares in the company, valued at $4,178,375.44. The disclosure for this sale can be found here. Insiders sold a total of 157,829 shares of company stock worth $2,148,623 over the last quarter. Company insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $13.16 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $19.07 billion, a P/E ratio of 11.86, a P/E/G ratio of 2.49 and a beta of 1.06. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $14.30. The stock has a 50 day moving average of $13.41 and a 200-day moving average of $13.16.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.62 annualized dividend and a yield of 4.71%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

About Huntington Bancshares

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.