Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Sigma Planning Corp
Sigma Planning Corp increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,106 shares of the bank’s stock after purchasing an additional 2,570 shares during the period. Sigma Planning Corp’s holdings in Huntington Bancshares were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Cornerstone Advisors Inc. grew its stake in Huntington Bancshares by 106.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,189 shares in the last quarter. Trustcore Financial Services LLC purchased a new stake in Huntington Bancshares during the 1st quarter valued at about $39,000. Destination Wealth Management purchased a new stake in Huntington Bancshares during the 1st quarter valued at about $46,000. Bremer Bank National Association purchased a new stake in Huntington Bancshares during the 1st quarter valued at about $53,000. Finally, Icon Wealth Partners LLC purchased a new stake in Huntington Bancshares during the 1st quarter valued at about $57,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.
Huntington Bancshares stock opened at $12.93 on Thursday. The firm has a 50 day simple moving average of $13.57 and a 200-day simple moving average of $13.53. Huntington Bancshares Incorporated has a 1-year low of $11.12 and a 1-year high of $16.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.43 and a beta of 1.40.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a $0.15 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 4.64%. Huntington Bancshares’s dividend payout ratio is currently 46.67%.
In other news, EVP Nancy E. Maloney sold 2,604 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $14.57, for a total value of $37,940.28. Following the transaction, the executive vice president now directly owns 80,103 shares in the company, valued at approximately $1,167,100.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.
HBAN has been the subject of several research reports. ValuEngine cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Macquarie cut shares of Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 price target for the company. in a research note on Friday, July 12th. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, Nomura set a $14.00 price target on shares of Huntington Bancshares and gave the company a “hold” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.63.
Huntington Bancshares Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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