148,227 Shares in Huntington Bancshares Incorporated $HBAN Purchased by Burney Co.

Burney Co. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 148,227 shares of the bank’s stock, valued at approximately $2,484,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Accurate Wealth Management LLC raised its stake in Huntington Bancshares by 3.5% during the second 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 raised its stake in Huntington Bancshares by 2.3% during the second 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 raised its stake in Huntington Bancshares by 0.4% during the second 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 raised its stake in Huntington Bancshares by 2.4% during the first 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 raised its stake in Huntington Bancshares by 18.3% during the first 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. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HBAN. Cowen reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Monday, October 20th. Evercore ISI initiated coverage on Huntington Bancshares in a report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price target on the stock. Morgan Stanley lifted their price target on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.82.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $15.37 on Tuesday. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month 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 firm has a market capitalization of $22.43 billion, a PE ratio of 10.75, a P/E/G ratio of 0.66 and a beta of 0.96. The company’s 50 day simple moving average is $16.84 and its 200 day simple moving average is $16.33.

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 net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $469.00 million for the quarter. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

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 dividend payout ratio (DPR) is currently 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.