Huntington Bancshares Incorporated $HBAN Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 106,677 shares of the bank’s stock after acquiring an additional 4,513 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Huntington Bancshares were worth $1,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accurate Wealth Management LLC grew its stake in Huntington Bancshares by 3.5% in the 2nd quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock worth $319,000 after acquiring an additional 611 shares during the period. LifeWealth Investments LLC grew its stake in Huntington Bancshares by 2.3% in the 2nd quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock worth $478,000 after acquiring an additional 632 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Huntington Bancshares by 0.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock worth $2,758,000 after acquiring an additional 668 shares during the period. Foundations Investment Advisors LLC grew its stake in Huntington Bancshares by 2.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock worth $436,000 after acquiring an additional 691 shares during the period. Finally, Winch Advisory Services LLC grew its stake 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 acquiring an additional 709 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 transaction of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Up 1.3%

Shares of Huntington Bancshares stock opened at $16.07 on Friday. The company has a fifty day moving average price of $17.02 and a 200 day moving average price of $16.21. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The stock has a market cap of $23.44 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.70 and a beta of 0.96.

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 firm had revenue of $469.00 million during the quarter. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is 43.36%.

Analyst Upgrades and Downgrades

Several analysts have commented on HBAN shares. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Thursday, July 3rd. Stephens boosted their price objective on shares of Huntington Bancshares from $18.00 to $19.00 in a research note on Friday, October 17th. TD Cowen boosted their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, October 20th. DA Davidson boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $19.76.

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.