Cetera Investment Advisers Sells 14,471 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Cetera Investment Advisers cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 741,937 shares of the bank’s stock after selling 14,471 shares during the period. Cetera Investment Advisers owned about 0.05% of Huntington Bancshares worth $9,779,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HBAN. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares in the first quarter valued at about $29,000. YHB Investment Advisors Inc. acquired a new position in shares of Huntington Bancshares during the first quarter worth $30,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,003 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in Huntington Bancshares during the 1st quarter worth approximately $40,000. Finally, ORG Partners LLC lifted its holdings 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 worth $44,000 after purchasing an additional 2,594 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 3.2 %

Shares of HBAN opened at $14.62 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $9.25 and a fifty-two week high of $15.24. The business has a 50-day moving average of $14.32 and a 200 day moving average of $13.81. The firm has a market cap of $21.19 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 3.07 and a beta of 1.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business earned $0.35 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HBAN. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. UBS Group dropped their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Friday, July 26th. Citigroup boosted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada boosted their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.71.

Insider Buying and Selling at Huntington Bancshares

In related news, VP Nancy E. Maloney sold 57,537 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now owns 69,595 shares in the company, valued at approximately $1,054,364.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the transaction, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the sale, the insider now owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock valued at $1,762,904 in the last three months. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares 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.