Huntington Bancshares Incorporated (NASDAQ:HBAN) Stake Boosted by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,904 shares of the bank’s stock after purchasing an additional 4,257 shares during the period. Foundations Investment Advisors LLC’s holdings in Huntington Bancshares were worth $410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Asset Dedication LLC raised its stake in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the period. Peoples Bank KS acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $29,000. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the 1st quarter worth approximately $29,000. Hazlett Burt & Watson Inc. boosted its position in Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares during the period. Finally, Register Financial Advisors LLC bought a new position in Huntington Bancshares during the 1st quarter worth $40,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Jefferies Financial Group dropped their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Friday, July 26th. Barclays raised their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Argus boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $16.03.

Huntington Bancshares Stock Down 1.2 %

HBAN stock opened at $15.38 on Friday. The firm has a market cap of $22.29 billion, a PE ratio of 13.86, a P/E/G ratio of 2.77 and a beta of 1.04. Huntington Bancshares Incorporated has a 12 month low of $9.35 and a 12 month high of $16.03. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $14.75 and a 200 day simple moving average of $13.99.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period last year, the company posted $0.36 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 4.03%. Huntington Bancshares’s payout ratio is presently 55.86%.

Insiders Place Their Bets

In other news, insider Helga Houston sold 11,288 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 618,832 shares in the company, valued at $9,294,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Helga Houston sold 11,288 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The stock was 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,793 shares of company stock worth $405,439 over the last ninety days. 0.89% of the stock is currently owned by company 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.