Exencial Wealth Advisors LLC Has $440,000 Stock Position in Huntington Bancshares Incorporated $HBAN

Exencial Wealth Advisors LLC trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 25.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,230 shares of the bank’s stock after selling 8,896 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in Huntington Bancshares by 1,462.4% in the first quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock worth $3,188,000 after purchasing an additional 198,796 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Huntington Bancshares by 26.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after purchasing an additional 35,014 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Huntington Bancshares by 43.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after purchasing an additional 28,739 shares during the period. Shell Asset Management Co. increased its position in Huntington Bancshares by 58.7% in the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock worth $3,362,000 after purchasing an additional 74,220 shares during the period. Finally, Czech National Bank increased its position in Huntington Bancshares by 6.6% in the second quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after purchasing an additional 22,190 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HBAN shares. DA Davidson raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Evercore ISI started coverage on Huntington Bancshares in a report on Tuesday. They set an “outperform” rating and a $18.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Finally, Citigroup raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Two equities 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.76.

Huntington Bancshares Trading Up 1.3%

NASDAQ:HBAN opened at $16.07 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $23.44 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96. The business’s 50-day simple moving average is $17.02 and its 200-day simple moving average is $16.18.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share 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. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

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

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is owned by company insiders.

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.