Presper Financial Architects LLC acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 48,406 shares of the bank’s stock, valued at approximately $858,000. Huntington Bancshares accounts for 0.4% of Presper Financial Architects LLC’s portfolio, making the stock its 14th largest position.
Other institutional investors and hedge funds also recently modified their holdings of the company. Values First Advisors Inc. lifted its position in shares of Huntington Bancshares by 3.0% in the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock worth $322,000 after buying an additional 604 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Huntington Bancshares by 12.6% in the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after buying an additional 609 shares during the period. Vestor Capital LLC grew its position in shares of Huntington Bancshares by 13.0% during the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after buying an additional 648 shares during the last quarter. Balboa Wealth Partners grew its position in shares of Huntington Bancshares by 2.5% during the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock valued at $423,000 after buying an additional 662 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in Huntington Bancshares by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after acquiring an additional 694 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.
Huntington Bancshares Stock Performance
Shares of NASDAQ HBAN opened at $17.01 on Friday. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The company has a market cap of $34.37 billion, a PE ratio of 13.19, a P/E/G ratio of 0.81 and a beta of 0.94. The stock has a 50 day simple moving average of $17.61 and a 200-day simple moving average of $16.88. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is presently 48.06%.
Analysts Set New Price Targets
HBAN has been the subject of a number of research reports. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Stephens dropped their price target on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Jefferies Financial Group set a $18.00 price target on Huntington Bancshares in a report on Thursday, July 23rd. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.24.
Check Out Our Latest Research Report on HBAN
Insider Activity
In related news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This represents a 28.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. Corporate insiders own 0.67% of the company’s stock.
About Huntington Bancshares
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
Read More
- Five stocks we like better than Huntington Bancshares
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report).
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
