Pennsylvania Trust Co Has $317,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Pennsylvania Trust Co lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.8% in the third quarter, Holdings Channel reports. The firm owned 22,191 shares of the bank’s stock after selling 2,700 shares during the period. Pennsylvania Trust Co’s holdings in Huntington Bancshares were worth $317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP raised its stake in Huntington Bancshares by 18.2% in the 1st quarter. First Trust Advisors LP now owns 1,954,053 shares of the bank’s stock valued at $24,777,000 after acquiring an additional 300,952 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Huntington Bancshares by 9.4% during the first quarter. Commonwealth Equity Services LLC now owns 275,283 shares of the bank’s stock valued at $3,490,000 after acquiring an additional 23,729 shares during the last quarter. GWM Advisors LLC raised its holdings in shares of Huntington Bancshares by 52.8% during the first quarter. GWM Advisors LLC now owns 63,398 shares of the bank’s stock valued at $804,000 after acquiring an additional 21,910 shares during the last quarter. GYL Financial Synergies LLC acquired a new position in shares of Huntington Bancshares during the first quarter valued at approximately $824,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of Huntington Bancshares during the first quarter valued at approximately $106,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

In other news, EVP Nancy E. Maloney sold 2,604 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $14.57, for a total transaction of $37,940.28. Following the completion of the transaction, the executive vice president now directly owns 80,103 shares in the company, valued at $1,167,100.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.22% of the company’s stock.

A number of equities analysts have commented on HBAN shares. Nomura set a $14.00 target price on Huntington Bancshares and gave the company a “hold” rating in a report on Friday, July 26th. BidaskClub upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, September 2nd. Macquarie lowered Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 price target for the company. in a research report on Friday, July 12th. ValuEngine upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, DA Davidson lowered Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Friday, September 13th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.09.

Shares of Huntington Bancshares stock opened at $13.99 on Friday. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.48 and a beta of 1.45. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $14.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average of $13.80 and a 200 day moving average of $13.53.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Huntington Bancshares had a return on equity of 14.23% and a net margin of 25.77%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that Huntington Bancshares Incorporated will post 1.3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were given a dividend of $0.15 per share. 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 4.29%. The ex-dividend date of this dividend was Monday, September 16th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.00%.

Huntington Bancshares Company 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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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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