Uhlmann Price Securities LLC Invests $193,000 in Huntington Bancshares Incorporated $HBAN

Uhlmann Price Securities LLC purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,493 shares of the bank’s stock, valued at approximately $193,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $7,572,000. Stanley Laman Group Ltd. acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $2,005,000. Chevy Chase Trust Holdings LLC lifted its position in shares of Huntington Bancshares by 0.9% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 769,481 shares of the bank’s stock worth $12,897,000 after purchasing an additional 7,053 shares during the period. Nordea Investment Management AB lifted its position in shares of Huntington Bancshares by 12.4% in the 2nd quarter. Nordea Investment Management AB now owns 122,383 shares of the bank’s stock worth $2,053,000 after purchasing an additional 13,511 shares during the period. Finally, Generali Asset Management SPA SGR lifted its position in shares of Huntington Bancshares by 974.9% during the 2nd quarter. Generali Asset Management SPA SGR now owns 86,596 shares of the bank’s stock valued at $1,451,000 after acquiring an additional 78,540 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $15.84 on Tuesday. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The stock has a market cap of $23.11 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The firm’s 50-day simple moving average is $17.08 and its 200 day simple moving average is $16.14.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $469.00 million for the quarter. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. TD Cowen boosted their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.76.

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.