Modera Wealth Management LLC Sells 14,477 Shares of Huntington Bancshares Incorporated $HBAN

Modera Wealth Management LLC lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 315,973 shares of the bank’s stock after selling 14,477 shares during the quarter. Modera Wealth Management LLC’s holdings in Huntington Bancshares were worth $5,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HBAN. Family Legacy Financial Solutions LLC purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in Huntington Bancshares during the second quarter valued at approximately $30,000. Quarry LP grew its position in Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the period. TruNorth Capital Management LLC purchased a new stake in Huntington Bancshares during the first quarter valued at approximately $40,000. Finally, Trust Co. of Vermont raised its position in Huntington Bancshares by 249.8% in the second quarter. Trust Co. of Vermont now owns 2,690 shares of the bank’s stock worth $45,000 after acquiring an additional 1,921 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Up 1.8%

NASDAQ HBAN opened at $15.69 on Friday. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock has a market cap of $22.90 billion, a PE ratio of 10.97, a P/E/G ratio of 0.66 and a beta of 1.01. The stock’s 50 day moving average is $16.66 and its 200 day moving average is $16.35.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s payout ratio is currently 43.36%.

Insider Buying and Selling

In other Huntington Bancshares news, Director John C. Inglis bought 6,506 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of $15.30 per share, with a total value of $99,541.80. Following the completion of the acquisition, the director owned 89,831 shares in the company, valued at $1,374,414.30. This trade represents a 7.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The SEC filing for this sale provides additional information. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HBAN shares. Cowen reissued a “buy” rating on shares of Huntington Bancshares in a research report on Monday, October 20th. JPMorgan Chase & Co. raised their target price on Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a report on Friday, October 10th. Truist Financial boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. DA Davidson restated a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.66.

Huntington Bancshares 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.