Focus Partners Advisor Solutions LLC Purchases 12,505 Shares of Huntington Bancshares Incorporated $HBAN

Focus Partners Advisor Solutions LLC raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 39.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,194 shares of the bank’s stock after purchasing an additional 12,505 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Huntington Bancshares were worth $741,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sage Mountain Advisors LLC raised its position in shares of Huntington Bancshares by 22.4% during the second quarter. Sage Mountain Advisors LLC now owns 17,888 shares of the bank’s stock worth $300,000 after acquiring an additional 3,272 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Huntington Bancshares by 6.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,971,287 shares of the bank’s stock worth $66,559,000 after acquiring an additional 234,536 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Huntington Bancshares during the second quarter worth about $30,000. LJI Wealth Management LLC raised its position in shares of Huntington Bancshares by 13.7% during the second quarter. LJI Wealth Management LLC now owns 16,644 shares of the bank’s stock worth $279,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Huntington Bancshares by 1.9% in the second quarter. Asset Management One Co. Ltd. now owns 607,208 shares of the bank’s stock worth $10,177,000 after purchasing an additional 11,123 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $15.54 on Wednesday. The firm has a market cap of $22.67 billion, a PE ratio of 10.87, a PEG ratio of 0.68 and a beta of 0.96. The stock’s fifty day moving average price is $16.98 and its two-hundred day moving average price is $16.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44.

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

Huntington Bancshares Dividend Announcement

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

Insider Activity

In related news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HBAN shares. Cowen reiterated a “buy” rating on shares of Huntington Bancshares in a report on Monday, October 20th. Stephens lifted their target price on Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Citigroup lifted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Thursday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.82.

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.