Moors & Cabot Inc. Sells 3,648 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Moors & Cabot Inc. decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,286 shares of the bank’s stock after selling 3,648 shares during the quarter. Moors & Cabot Inc.’s holdings in Huntington Bancshares were worth $769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in shares of Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock worth $53,000 after buying an additional 702 shares during the last quarter. Lantz Financial LLC grew its holdings in Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after acquiring an additional 790 shares during the period. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Huntington Bancshares by 7.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock valued at $191,000 after purchasing an additional 795 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Huntington Bancshares by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after purchasing an additional 800 shares during the last quarter. Finally, Strategic Blueprint LLC grew its stake in shares of Huntington Bancshares by 2.8% during the fourth quarter. Strategic Blueprint LLC now owns 29,140 shares of the bank’s stock worth $474,000 after purchasing an additional 804 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Barclays increased their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley dropped their price objective on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.35.

Huntington Bancshares Stock Up 3.3 %

Shares of HBAN stock opened at $14.75 on Friday. The firm’s fifty day moving average price is $16.37 and its two-hundred day moving average price is $16.11. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.45. The firm has a market capitalization of $21.44 billion, a P/E ratio of 11.99, a PEG ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.27 EPS. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is presently 50.41%.

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.