McGlone Suttner Wealth Management Inc. Has $191,000 Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

McGlone Suttner Wealth Management Inc. boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,765 shares of the bank’s stock after buying an additional 795 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Huntington Bancshares were worth $191,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arvest Bank Trust Division acquired a new position in Huntington Bancshares in the 3rd quarter valued at about $2,381,000. Heritage Wealth Management Inc. acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth approximately $744,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Huntington Bancshares by 5.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after purchasing an additional 44,662 shares in the last quarter. Petiole USA ltd acquired a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $3,454,000. Finally, Donoghue Forlines LLC acquired a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $1,460,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 1.8 %

Shares of NASDAQ HBAN opened at $17.20 on Friday. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a 50 day moving average price of $17.00 and a two-hundred day moving average price of $15.59. The stock has a market cap of $24.99 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HBAN shares. Stephens restated an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a research report on Tuesday. 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 research report on Monday, January 6th. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

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.