Signature Estate & Investment Advisors LLC Has $722,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Signature Estate & Investment Advisors LLC decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,349 shares of the bank’s stock after selling 854 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Huntington Bancshares were worth $722,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HBAN. Prudential Financial Inc. raised its stake in shares of Huntington Bancshares by 3.3% during the 4th quarter. Prudential Financial Inc. now owns 1,216,233 shares of the bank’s stock worth $19,788,000 after purchasing an additional 38,816 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Huntington Bancshares during the fourth quarter valued at approximately $166,000. KLP Kapitalforvaltning AS bought a new position in Huntington Bancshares during the fourth quarter valued at approximately $8,035,000. Sei Investments Co. grew its position in Huntington Bancshares by 1.8% in the fourth quarter. Sei Investments Co. now owns 665,682 shares of the bank’s stock worth $10,831,000 after acquiring an additional 11,492 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of Huntington Bancshares by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 137,694 shares of the bank’s stock worth $2,240,000 after purchasing an additional 43,511 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 3,521 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now owns 47,950 shares in the company, valued at $731,237.50. This trade represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the completion of the sale, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,060 shares of company stock valued at $1,620,142. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 0.4 %

HBAN stock opened at $15.26 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market cap of $22.29 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The business’s 50-day simple moving average is $16.15 and its 200 day simple moving average is $16.14.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the firm posted $0.27 EPS. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is 50.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Stephens reaffirmed an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research report on Friday, February 7th. Barclays increased their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Citigroup decreased their target price on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $18.18.

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.