Ellevest Inc. Purchases Shares of 11,285 Huntington Bancshares Incorporated $HBAN

Ellevest Inc. purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,285 shares of the bank’s stock, valued at approximately $189,000.

Several other institutional investors also recently modified their holdings of the business. Family Legacy Financial Solutions LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at about $30,000. Quarry LP lifted its stake in shares of Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares during the period. TruNorth Capital Management LLC acquired a new stake in Huntington Bancshares during the first quarter worth approximately $40,000. Finally, Trust Co. of Vermont increased its holdings in Huntington Bancshares by 249.8% in the second quarter. Trust Co. of Vermont now owns 2,690 shares of the bank’s stock worth $45,000 after purchasing an additional 1,921 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HBAN shares. Stephens raised their price target on shares of Huntington Bancshares from $18.00 to $19.00 in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Jefferies Financial Group reduced their price objective on Huntington Bancshares from $20.00 to $19.00 in a research note on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Finally, Citigroup boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.66.

Insider Activity

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Inglis purchased 6,506 shares of the stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of $15.30 per share, for a total transaction of $99,541.80. Following the transaction, the director owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

HBAN opened at $15.69 on Friday. The firm has a 50-day moving average of $16.66 and a 200 day moving average of $16.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The firm has a market cap of $22.90 billion, a P/E ratio of 10.97, a PEG ratio of 0.66 and a beta of 1.01.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $469.00 million for the quarter. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

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.