Van Hulzen Asset Management LLC Has $338,000 Stock Position in Huntington Bancshares Incorporated $HBAN

Van Hulzen Asset Management LLC lowered its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,495 shares of the bank’s stock after selling 793 shares during the period. Van Hulzen Asset Management LLC’s holdings in Huntington Bancshares were worth $338,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Foundations Investment Advisors LLC raised its holdings in shares of Huntington Bancshares by 2.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock worth $436,000 after buying an additional 691 shares in the last quarter. Winch Advisory Services LLC increased its holdings in Huntington Bancshares by 18.3% in the 1st quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock worth $69,000 after purchasing an additional 709 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Huntington Bancshares by 5.5% in the 1st quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank’s stock worth $241,000 after purchasing an additional 844 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Huntington Bancshares by 4.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,835 shares of the bank’s stock worth $328,000 after purchasing an additional 847 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in Huntington Bancshares by 7.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank’s stock worth $195,000 after purchasing an additional 856 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 13,700 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $15.79, for a total value of $216,323.00. Following the completion of the sale, the executive vice president owned 337,879 shares of the company’s stock, valued at approximately $5,335,109.41. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 4.2%

Shares of HBAN stock opened at $17.36 on Friday. The stock has a market cap of $25.32 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.85 and a beta of 0.93. The stock has a 50-day moving average of $16.63 and a 200-day moving average of $15.68. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Analyst Ratings Changes

HBAN has been the subject of a number of recent research reports. Citigroup upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Thursday, July 3rd. Argus set a $17.00 target price on Huntington Bancshares in a report on Friday, April 25th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Finally, Truist Financial upped their target price on Huntington Bancshares from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.68.

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.