Register Financial Advisors LLC Makes New $40,000 Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Register Financial Advisors LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,864 shares of the bank’s stock, valued at approximately $40,000.

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

Huntington Bancshares Stock Up 3.1 %

Shares of Huntington Bancshares stock opened at $13.18 on Friday. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 2.41 and a beta of 1.08. The stock’s 50-day moving average is $13.42 and its 200 day moving average is $13.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $14.30.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a dividend of $0.155 per share. The ex-dividend date is Monday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.70%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HBAN. JPMorgan Chase & Co. dropped their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $16.00 price target on shares of Huntington Bancshares in a report on Tuesday, June 11th. Piper Sandler lowered shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $13.50 to $11.50 in a report on Friday, June 14th. Stephens reissued an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, UBS Group dropped their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.03.

Insider Transactions at Huntington Bancshares

In related news, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,241,562.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Brantley J. Standridge sold 50,000 shares of Huntington Bancshares stock in a transaction on Tuesday, April 23rd. The shares were 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 owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the company’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 owns 305,884 shares in the company, valued at approximately $4,178,375.44. The disclosure for this sale can be found here. Insiders have sold 157,829 shares of company stock valued at $2,148,623 in the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

About Huntington Bancshares

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.