Arkadios Wealth Advisors Reduces Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Arkadios Wealth Advisors decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,794 shares of the bank’s stock after selling 1,833 shares during the quarter. Arkadios Wealth Advisors’ holdings in Huntington Bancshares were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its stake in shares of 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 buying an additional 1,202 shares during the period. Peoples Bank KS purchased a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. lifted its position in Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after acquiring an additional 2,003 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares in the 3rd quarter valued at approximately $31,000. Finally, ORG Partners LLC increased its holdings in shares of Huntington Bancshares by 354.9% in the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after purchasing an additional 2,594 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Morgan Stanley lifted their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Baird R W cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.09.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $15.74 on Thursday. Huntington Bancshares Incorporated has a one year low of $9.49 and a one year high of $16.03. The stock has a market cap of $22.86 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 3.17 and a beta of 1.04. The business’s fifty day moving average price is $14.85 and its two-hundred day moving average price is $14.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business posted $0.36 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.2 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.94%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.92% 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.