Huntington Bancshares Incorporated (NASDAQ:HBAN) Holdings Increased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 36.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,240 shares of the bank’s stock after acquiring an additional 12,682 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Huntington Bancshares were worth $623,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HBAN. UBS Group AG increased its position in shares of Huntington Bancshares by 55.4% during the 4th quarter. UBS Group AG now owns 2,541,419 shares of the bank’s stock valued at $32,327,000 after purchasing an additional 905,903 shares during the period. Corient Private Wealth LLC grew its holdings in Huntington Bancshares by 10.6% during the fourth quarter. Corient Private Wealth LLC now owns 627,153 shares of the bank’s stock worth $7,977,000 after acquiring an additional 60,349 shares during the period. Assetmark Inc. raised its position in Huntington Bancshares by 8.0% in the fourth quarter. Assetmark Inc. now owns 90,882 shares of the bank’s stock worth $1,156,000 after acquiring an additional 6,749 shares in the last quarter. Commerce Bank lifted its holdings in Huntington Bancshares by 1.4% in the 4th quarter. Commerce Bank now owns 71,033 shares of the bank’s stock valued at $904,000 after acquiring an additional 1,008 shares during the last quarter. Finally, TCW Group Inc. bought a new position in shares of Huntington Bancshares during the 4th quarter valued at about $280,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 11,288 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the transaction, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Helga Houston sold 11,288 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the sale, the insider now directly owns 618,832 shares in the company, valued at $9,294,856.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the transaction, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The disclosure for this sale can be found here. Insiders sold 116,622 shares of company stock worth $1,762,904 over the last ninety days. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Trading Down 1.7 %

Shares of NASDAQ:HBAN opened at $14.60 on Tuesday. The firm has a fifty day moving average of $14.38 and a two-hundred day moving average of $13.75. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 12-month low of $9.25 and a 12-month high of $15.24. The firm has a market capitalization of $21.16 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm earned $0.35 earnings per share. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.25%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s payout ratio is presently 55.86%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HBAN shares. Jefferies Financial Group dropped their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Evercore ISI cut their price objective on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Morgan Stanley raised their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Robert W. Baird lowered Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Friday, July 26th. Finally, Bank of America increased their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.59.

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.