Accent Capital Management LLC Has $74,000 Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Accent Capital Management LLC reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 54.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,000 shares of the bank’s stock after selling 6,000 shares during the period. Accent Capital Management LLC’s holdings in Huntington Bancshares were worth $74,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Asset Dedication LLC lifted its position in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS bought a new position in Huntington Bancshares in the third quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. raised its position in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares during the third quarter worth $31,000. Finally, Fortitude Family Office LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter valued at $32,000. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HBAN. Citigroup upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Barclays raised their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Evercore ISI upped 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. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Robert W. Baird downgraded shares of 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $16.09.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $17.69 on Friday. The stock has a market capitalization of $25.70 billion, a PE ratio of 17.01, a PEG ratio of 3.53 and a beta of 1.03. The business’s 50 day simple moving average is $15.38 and its 200 day simple moving average is $14.33. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a one year low of $10.73 and a one year high of $17.97.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is 59.62%.

Insider Activity at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock worth $757,356 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.

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.