Future Financial Wealth Managment LLC Buys Shares of 2,113 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Future Financial Wealth Managment LLC acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,113 shares of the bank’s stock, valued at approximately $29,000.

Several other institutional investors have also modified their holdings of HBAN. Wetzel Investment Advisors Inc. purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth approximately $29,000. Nemes Rush Group LLC increased its position in shares of Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter valued at $33,000. Spartan Planning & Wealth Management purchased a new stake in shares of Huntington Bancshares during the 4th quarter worth $46,000. Finally, Baker Avenue Asset Management LP grew its stake in shares of Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after purchasing an additional 963 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling

In other Huntington Bancshares news, VP Brantley J. Standridge sold 50,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total transaction of $680,000.00. Following the transaction, the vice president now directly owns 385,409 shares in the company, valued at approximately $5,241,562.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the transaction, the chief financial officer now directly owns 305,884 shares in the company, valued at $4,178,375.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the sale, the vice president now directly owns 385,409 shares in the company, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,829 shares of company stock worth $2,148,623. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of recent analyst reports. Stephens reiterated an “equal weight” rating and issued a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. UBS Group reduced their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Tuesday, June 11th. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Piper Sandler cut Huntington Bancshares from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $13.50 to $11.50 in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $15.03.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $12.78 on Friday. The company has a market cap of $18.52 billion, a P/E ratio of 11.51, a PEG ratio of 2.40 and a beta of 1.08. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $14.30. The business’s 50-day simple moving average is $13.42 and its 200 day simple moving average is $13.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period last year, the business earned $0.38 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

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.