Huntington Bancshares Incorporated $HBAN Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,206 shares of the bank’s stock after selling 698 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Huntington Bancshares were worth $1,210,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new position in shares of Huntington Bancshares during the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Huntington Bancshares during the 1st quarter valued at $29,000. Quarry LP grew its holdings in shares of Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after acquiring an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Huntington Bancshares in the 1st quarter worth $31,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Huntington Bancshares by 516.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after acquiring an additional 1,869 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HBAN. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 target price (up from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Thursday, July 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.37.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $15.37 on Friday. The stock has a market cap of $22.42 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.76 and a beta of 0.96. The business has a fifty day simple moving average of $17.09 and a 200-day simple moving average of $16.09. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The business had revenue of $469.00 million during the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares 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.