Grimes & Company Has Trimmed Its Huntington Bancshares (HBAN) Holding as Stock Price Declined; Peapack (PGC) Share Price Rose While Wellington Management Group Llp Lowered Its Position by $2.04 Million

Huntington Bancshares Incorporated (NASDAQ:HBAN) Logo

Wellington Management Group Llp decreased its stake in Peapack (PGC) by 13.27% based on its latest 2018Q4 regulatory filing with the SEC. Wellington Management Group Llp sold 81,693 shares as the company’s stock rose 4.23% with the market. The institutional investor held 533,961 shares of the commercial banks company at the end of 2018Q4, valued at $13.44M, down from 615,654 at the end of the previous reported quarter. Wellington Management Group Llp who had been investing in Peapack for a number of months, seems to be less bullish one the $530.17 million market cap company. The stock decreased 0.25% or $0.07 during the last trading session, reaching $27.4. About 19,428 shares traded. Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has declined 13.68% since April 17, 2018 and is downtrending. It has underperformed by 18.05% the S&P500. Some Historical PGC News: 28/03/2018 – Timothy E. Doyle is promoted to Executive Vice President, Chief Risk Officer at Peapack-Gladstone Bank; 27/04/2018 – PEAPACK-GLADSTONE FINANCIAL CORP QTRLY DILUTED EPS $ 0.57; 19/03/2018 Peapack-Gladstone Bank Hires Ron Andersen as Senior Managing Director, Commercial Private Banker; 27/04/2018 – Peapack Gladstone 1Q EPS 57c; 21/04/2018 – DJ Peapack-Gladstone Financial Corpora, Inst Holders, 1Q 2018 (PGC); 18/04/2018 – Peapack-Gladstone Bank Hires William C. Gascoigne to Lead its Professional Services Group; 19/03/2018 – Peapack-Gladstone Bank Hires Ron Andersen as Senior Managing Director, Comml Private Banker; 24/04/2018 – Doug Kennedy, President and CEO of Peapack-Gladstone Bank, Addresses Recent Events Within the Banking Industry; 28/03/2018 – Timothy E. Doyle Is Promoted to Executive Vice Pres, Chief Risk Officer at Peapack-Gladstone Bank; 29/05/2018 – Report: Exploring Fundamental Drivers Behind Vivint Solar, Peapack-Gladstone Financial, Madrigal Pharmaceuticals, Univest Corpo

Grimes & Company Inc decreased its stake in Huntington Bancshares (HBAN) by 27.75% based on its latest 2018Q4 regulatory filing with the SEC. Grimes & Company Inc sold 28,659 shares as the company’s stock declined 2.11% while stock markets rallied. The institutional investor held 74,599 shares of the major banks company at the end of 2018Q4, valued at $889,000, down from 103,258 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Huntington Bancshares for a number of months, seems to be less bullish one the $14.48B market cap company. The stock increased 0.84% or $0.11 during the last trading session, reaching $13.77. About 7.08M shares traded. Huntington Bancshares Incorporated (NASDAQ:HBAN) has declined 7.94% since April 17, 2018 and is downtrending. It has underperformed by 12.31% the S&P500. Some Historical HBAN News: 30/05/2018 – Huntington Bank 2017 Environmental, Social and Governance Report Benchmarks Corporate Social Responsibility Performance; 29/05/2018 – Huntington Banc Presenting at Deutsche Bank Conference Tomorrow; 27/04/2018 – S&P REVISES HUNTINGTON NATIONAL BANK TO RATING ‘A-‘ FROM ‘BBB+’; 27/04/2018 – S&P: Huntington Bancshares Rating Reflects Noncomplex Operating Model; 27/04/2018 – S&P: Huntington Bancshares Rating Reflects More Conservative Risk Profile; 27/04/2018 – S&P REVISES HUNTINGTON BANCSHARES INC. TO RATING ‘BBB+’ FROM ‘BBB’; 27/04/2018 – S&P: Huntington Bancshares Rating Reflects Good Financial Performance; 24/04/2018 – HUNTINGTON BANC 1Q EPS 28C, EST. 28C; 24/04/2018 – HUNTINGTON BANC 1Q EPS 28C; 27/04/2018 – S&PGR Upgrades Huntington Bancshares To ‘BBB+’; Otlk Stable

Wellington Management Group Llp, which manages about $399.54 billion US Long portfolio, upped its stake in Acadia Healthcare Company In (NASDAQ:ACHC) by 1.19 million shares to 10.04 million shares, valued at $258.02 million in 2018Q4, according to the filing. It also increased its holding in M & T Bk Corp (NYSE:MTB) by 93,476 shares in the quarter, for a total of 6.17M shares, and has risen its stake in Agree Realty Corp (NYSE:ADC).

Analysts await Peapack-Gladstone Financial Corporation (NASDAQ:PGC) to report earnings on April, 26. They expect $0.55 EPS, down 3.51% or $0.02 from last year’s $0.57 per share. PGC’s profit will be $10.64 million for 12.45 P/E if the $0.55 EPS becomes a reality. After $0.55 actual EPS reported by Peapack-Gladstone Financial Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 1.1 in Q4 2018. Its down 0.64, from 1.74 in 2018Q3. It worsened, as 12 investors sold PGC shares while 39 reduced holdings. 22 funds opened positions while 34 raised stakes. 13.34 million shares or 2.16% more from 13.06 million shares in 2018Q3 were reported. Macquarie Group Limited stated it has 0% of its portfolio in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Parametric Port Associate Limited invested 0% in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Ameriprise Fincl owns 44,930 shares. Alpine Woods Capital Invsts Ltd Liability Company owns 9,000 shares or 0.05% of their US portfolio. 22,300 are held by Globeflex Capital L P. Credit Suisse Ag accumulated 12,043 shares or 0% of the stock. Brown Advisory accumulated 70,012 shares or 0.01% of the stock. Dimensional Fund Advsr Limited Partnership reported 1.13 million shares. Renaissance Tech Ltd Liability has 274,020 shares for 0.01% of their portfolio. Banc Funds Com Limited Liability Com has invested 2.04% in Peapack-Gladstone Financial Corporation (NASDAQ:PGC). Strs Ohio invested in 0% or 23,900 shares. Engineers Gate Manager Limited Partnership reported 13,074 shares or 0.03% of all its holdings. Fmr Llc reported 134 shares. Salzhauer Michael reported 117,369 shares. Bnp Paribas Arbitrage Sa reported 5 shares.

Since November 5, 2018, it had 3 insider purchases, and 0 selling transactions for $97,429 activity. KENNEDY DOUGLAS L bought $27,957 worth of stock. Waser Eric H. had bought 1,000 shares worth $27,150.

More notable recent Peapack-Gladstone Financial Corporation (NASDAQ:PGC) news were published by: Globenewswire.com which released: “Dominic J. Sedicino is Promoted to Senior Vice President, Director of Retail Banking at Peapack-Gladstone Bank – GlobeNewswire” on October 18, 2018, also Nasdaq.com with their article: “Pixelworks and YOUKU Announce Agreement to Bring High-Quality HDR Video Ecosystem to Mobile Devices in China – Nasdaq” published on April 10, 2019, Globenewswire.com published: “Peapack-Gladstone Bank Hires Christopher J. Colombo, CPA, MBA, as a Wealth Advisor for its Subsidiary, Quadrant Capital Management – GlobeNewswire” on June 05, 2018. More interesting news about Peapack-Gladstone Financial Corporation (NASDAQ:PGC) were released by: Streetinsider.com and their article: “Peapack-Gladstone Financial (PGC) to Acquire Quadrant Capital Management – StreetInsider.com” published on September 14, 2017 as well as Streetinsider.com‘s news article titled: “Peapack-Gladstone Financial (PGC) Appoints Steven Kass to Board – StreetInsider.com” with publication date: January 25, 2018.

Grimes & Company Inc, which manages about $1.63 billion and $1.02 billion US Long portfolio, upped its stake in Spdrs (SPY) by 27,960 shares to 36,203 shares, valued at $9.05 million in 2018Q4, according to the filing. It also increased its holding in Ishares Barclays Aggregate Bon (AGG) by 54,763 shares in the quarter, for a total of 60,666 shares, and has risen its stake in Chevrontexaco Corporation (NYSE:CVX).

Since October 25, 2018, it had 2 buys, and 3 selling transactions for $614,774 activity. Houston Helga had sold 42,608 shares worth $624,454. 6,750 shares valued at $93,683 were bought by NEU RICHARD W on Tuesday, October 30. $249,700 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) was sold by Thompson Mark E. On Thursday, October 25 the insider STEINOUR STEPHEN D bought $235,723.

More notable recent Huntington Bancshares Incorporated (NASDAQ:HBAN) news were published by: Nasdaq.com which released: “Huntington Bancshares (HBAN) Q3 Earnings Preview: What to Watch Ahead of the Release – Nasdaq” on October 16, 2018, also Nasdaq.com with their article: “HBAN Crosses Above Key Moving Average Level – Nasdaq” published on February 25, 2019, Nasdaq.com published: “Huntington Bancshares Incorporated (HBAN) Ex-Dividend Date Scheduled for March 15, 2019 – Nasdaq” on March 14, 2019. More interesting news about Huntington Bancshares Incorporated (NASDAQ:HBAN) were released by: Seekingalpha.com and their article: “All 14 financial firms pass Fed, FDIC’s “living will” evaluation – Seeking Alpha” published on March 29, 2019 as well as Nasdaq.com‘s news article titled: “Why Huntington Bancshares (HBAN) is a Top Dividend Stock – Nasdaq” with publication date: July 31, 2018.

Investors sentiment decreased to 1 in 2018 Q4. Its down 0.20, from 1.2 in 2018Q3. It is negative, as 48 investors sold HBAN shares while 191 reduced holdings. 69 funds opened positions while 171 raised stakes. 800.31 million shares or 1.39% more from 789.38 million shares in 2018Q3 were reported. 40,406 were reported by Valmark Advisers. First Trust Advsrs LP owns 1.65M shares. 54,612 are owned by Fdx Advisors. International accumulated 43.86 million shares. Silvercrest Asset Mgmt Ltd Limited Liability Company reported 1.85M shares. Carnegie Cap Asset Mgmt Ltd Llc has 0.48% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 435,138 shares. Tradition Capital Mgmt Ltd Llc reported 180,668 shares. Richard Bernstein Advsrs Ltd Llc has 79,930 shares for 0.04% of their portfolio. 172,987 were reported by Robeco Institutional Asset Management Bv. Paloma Prns invested in 0.15% or 404,335 shares. Washington Bancshares holds 0.01% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 5,248 shares. Next Fincl Inc accumulated 652 shares or 0% of the stock. 24,195 are owned by Connor Clark And Lunn Invest Mgmt Ltd. Guardian Life Ins Of America stated it has 0.01% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Gabelli Funds reported 0.04% stake.

Analysts await Huntington Bancshares Incorporated (NASDAQ:HBAN) to report earnings on April, 23. They expect $0.33 EPS, up 17.86% or $0.05 from last year’s $0.28 per share. HBAN’s profit will be $346.94 million for 10.43 P/E if the $0.33 EPS becomes a reality. After $0.29 actual EPS reported by Huntington Bancshares Incorporated for the previous quarter, Wall Street now forecasts 13.79% EPS growth.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Institutional Positions Chart