Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,146 shares of the bank’s stock after selling 1,044 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Huntington Bancshares were worth $663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HBAN. Smallwood Wealth Investment Management LLC acquired a new stake in Huntington Bancshares during the first quarter worth about $29,000. LFA Lugano Financial Advisors SA acquired a new stake in Huntington Bancshares during the first quarter worth about $31,000. Golden State Wealth Management LLC raised its position in shares of Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after purchasing an additional 1,869 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $39,000. Finally, Transce3nd LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.07 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $16.10 and its two-hundred day moving average price is $15.70. Huntington Bancshares Incorporated has a 52 week low of $11.92 and a 52 week high of $18.45. The stock has a market cap of $24.94 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. Huntington Bancshares had a net margin of 16.94% and a return on equity of 11.44%. During the same period in the previous year, the firm earned $0.27 EPS. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares announced that its Board of Directors has initiated a stock repurchase plan on Thursday, April 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the bank to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were issued a $0.155 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.63%. Huntington Bancshares’s dividend payout ratio is currently 47.33%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 59,060 shares of the business’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $14.36, for a total transaction of $848,101.60. Following the sale, the chief financial officer owned 277,348 shares in the company, valued at approximately $3,982,717.28. The trade was a 17.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kendall A. Kowalski sold 3,434 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $14.50, for a total transaction of $49,793.00. Following the sale, the insider owned 66,847 shares in the company, valued at $969,281.50. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,375 shares of company stock valued at $3,049,277 over the last ninety days. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a research note on Thursday, April 24th. Stephens reaffirmed an “equal weight” rating and issued a $16.50 price objective on shares of Huntington Bancshares in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Cowen assumed coverage on shares of Huntington Bancshares in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. Finally, Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.48.

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.