Raleigh Capital Management Inc. Sells 16,703 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Raleigh Capital Management Inc. decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 16.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 86,036 shares of the bank’s stock after selling 16,703 shares during the period. Raleigh Capital Management Inc.’s holdings in Huntington Bancshares were worth $1,400,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at approximately $426,000. Pacer Advisors Inc. increased its stake in shares of Huntington Bancshares by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 103,822 shares of the bank’s stock worth $1,368,000 after purchasing an additional 4,541 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Huntington Bancshares by 6.3% in the 2nd quarter. Sei Investments Co. now owns 635,013 shares of the bank’s stock valued at $8,369,000 after purchasing an additional 37,816 shares during the period. Summit Trail Advisors LLC lifted its stake in Huntington Bancshares by 8.5% in the 2nd quarter. Summit Trail Advisors LLC now owns 16,479 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in Huntington Bancshares by 10.5% during the second quarter. Ensign Peak Advisors Inc now owns 792,641 shares of the bank’s stock worth $10,447,000 after purchasing an additional 75,130 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.4 %

HBAN stock opened at $16.86 on Thursday. The stock has a market cap of $24.49 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.43 and a beta of 1.07. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The stock’s fifty day simple moving average is $17.02 and its two-hundred day simple moving average is $15.55. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the previous year, the firm posted $0.27 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.37 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.68%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HBAN. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Evercore ISI lifted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup increased their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.06.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Company 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.