Benjamin F. Edwards & Company Inc. Sells 3,751 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Benjamin F. Edwards & Company Inc. trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,793 shares of the bank’s stock after selling 3,751 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Huntington Bancshares were worth $841,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HBAN. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares during the 1st quarter valued at approximately $29,000. YHB Investment Advisors Inc. bought a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after buying an additional 2,003 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Huntington Bancshares during the 1st quarter valued at about $40,000. Finally, ORG Partners LLC grew its position in shares of Huntington Bancshares by 354.9% during the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after purchasing an additional 2,594 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now directly owns 265,809 shares of the company’s stock, valued at $4,021,690.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, July 23rd. The stock was 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 directly owns 69,595 shares in the company, valued at approximately $1,054,364.25. The disclosure for this sale can be found here. Insiders have sold a total of 116,622 shares of company stock valued at $1,762,904 over the last ninety days. 0.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Piper Sandler lifted their target price on Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Evercore ISI decreased their price target on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America lifted their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $15.59.

Huntington Bancshares Trading Down 1.7 %

Shares of NASDAQ HBAN opened at $14.60 on Tuesday. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $15.24. The firm has a market cap of $21.16 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The business has a fifty day simple moving average of $14.38 and a two-hundred day simple moving average of $13.75. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $2.97 billion during 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 in the prior year, the firm earned $0.35 earnings per share. Analysts expect that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.25%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 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.