Silvercrest Asset Management Group LLC Sells 442,943 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Silvercrest Asset Management Group LLC lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 70.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,071 shares of the bank’s stock after selling 442,943 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Huntington Bancshares were worth $2,582,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in Huntington Bancshares by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock worth $2,192,000 after purchasing an additional 780 shares during the period. Park Avenue Securities LLC increased its stake in shares of Huntington Bancshares by 1.3% in the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after acquiring an additional 794 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Huntington Bancshares by 6.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 13,261 shares of the bank’s stock valued at $185,000 after acquiring an additional 805 shares during the period. Arkadios Wealth Advisors boosted its stake in Huntington Bancshares by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 17,930 shares of the bank’s stock worth $250,000 after acquiring an additional 811 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Huntington Bancshares by 5.8% in the fourth quarter. Mather Group LLC. now owns 15,391 shares of the bank’s stock worth $196,000 after purchasing an additional 837 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Trading Up 0.9 %

Shares of Huntington Bancshares stock opened at $15.15 on Wednesday. The stock has a fifty day moving average price of $13.49 and a 200-day moving average price of $13.35. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market cap of $21.96 billion, a PE ratio of 13.65, a P/E/G ratio of 3.07 and a beta of 1.06. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $15.24.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter last year, the company posted $0.35 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.09%. Huntington Bancshares’s payout ratio is 55.86%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief financial officer now directly owns 265,809 shares in the company, valued at $4,021,690.17. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction that occurred on 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 transaction, the insider now directly owns 648,904 shares in the company, valued at approximately $8,851,050.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $499,290.00. Following the sale, the chief financial officer now owns 265,809 shares in the company, valued at approximately $4,021,690.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,273 shares of company stock valued at $1,773,778. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a report on Thursday, June 27th. Royal Bank of Canada upped their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. UBS Group reduced their price target 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, June 13th. Finally, Evercore ISI lowered their price objective on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.47.

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.