Sequoia Financial Advisors LLC Sells 81,903 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Sequoia Financial Advisors LLC reduced its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 486,840 shares of the bank's stock after selling 81,903 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Huntington Bancshares were worth $7,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HBAN. Creative Capital Management Investments LLC lifted its holdings in shares of Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after purchasing an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after purchasing an additional 1,023 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Huntington Bancshares during the fourth quarter valued at $37,000. Asset Dedication LLC lifted its holdings in shares of Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock valued at $53,000 after acquiring an additional 702 shares during the period. 80.72% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

HBAN has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 21st. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Barclays upped their price target on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Finally, Citigroup upped their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.35.

Huntington Bancshares Trading Up 3.3 %

Shares of NASDAQ:HBAN traded up $0.47 during trading on Friday, hitting $14.75. The company had a trading volume of 27,472,818 shares, compared to its average volume of 15,880,234. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.45. The company has a fifty day simple moving average of $16.37 and a two-hundred day simple moving average of $16.12. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $0.27 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

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 paid 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 50.41%.

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.