Sigma Planning Corp Sells 6,217 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Sigma Planning Corp lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,383 shares of the bank’s stock after selling 6,217 shares during the period. Sigma Planning Corp’s holdings in Huntington Bancshares were worth $535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Covestor Ltd grew its position in Huntington Bancshares by 30.5% in the third quarter. Covestor Ltd now owns 6,173 shares of the bank’s stock valued at $91,000 after acquiring an additional 1,443 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Huntington Bancshares by 8.5% during the third quarter. Atria Investments Inc now owns 248,687 shares of the bank’s stock valued at $3,656,000 after purchasing an additional 19,484 shares in the last quarter. Objective Capital Management LLC acquired a new stake in shares of Huntington Bancshares during the third quarter valued at about $252,000. Assetmark Inc. boosted its stake in shares of Huntington Bancshares by 24.0% during the third quarter. Assetmark Inc. now owns 128,396 shares of the bank’s stock valued at $1,887,000 after purchasing an additional 24,879 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Huntington Bancshares by 3.7% during the third quarter. Verdence Capital Advisors LLC now owns 78,535 shares of the bank’s stock valued at $1,154,000 after purchasing an additional 2,816 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley lifted their price target on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Baird R W lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Piper Sandler lifted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, Evercore ISI lifted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $16.09.

Insider Activity

In other news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $17.53 on Friday. Huntington Bancshares Incorporated has a 52-week low of $10.73 and a 52-week high of $17.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The business’s 50 day moving average price is $15.32 and its two-hundred day moving average price is $14.30. The firm has a market cap of $25.47 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed 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 of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.54%. Huntington Bancshares’s dividend payout ratio is 59.62%.

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.