VCI Wealth Management LLC Buys 84,943 Shares of Huntington Bancshares Incorporated $HBAN

VCI Wealth Management LLC bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 84,943 shares of the bank’s stock, valued at approximately $1,296,000.

Other hedge funds have also recently modified their holdings of the company. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 6.1% during the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank’s stock valued at $190,000 after purchasing an additional 608 shares in the last quarter. Vestor Capital LLC raised its stake in 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. Rehmann Capital Advisory Group lifted its holdings in shares of Huntington Bancshares by 5.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank’s stock valued at $215,000 after buying an additional 679 shares during the period. Johnson Financial Group Inc. lifted its holdings in Huntington Bancshares by 48.8% in the first quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after acquiring an additional 707 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Huntington Bancshares by 10.1% in the 3rd quarter. Versant Capital Management Inc now owns 7,693 shares of the bank’s stock worth $117,000 after purchasing an additional 708 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, Director Gary Torgow acquired 12,700 shares of the company’s stock in a transaction on Tuesday, October 27th. The stock was acquired at an average price of $15.73 per share, with a total value of $199,771.00. Following the acquisition, the director directly owned 956,041 shares of the company’s stock, valued at approximately $15,038,524.93. This trade represents a 1.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director James Rollins, III acquired 14,000 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were purchased at an average price of $18.12 per share, with a total value of $253,680.00. Following the transaction, the director owned 15,500 shares of the company’s stock, valued at approximately $280,860. This represents a 933.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HBAN. DA Davidson cut their price target on Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, September 21st. Bank of America cut Huntington Bancshares from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $18.50 in a research report on Monday, July 27th. Stephens lowered their price objective on Huntington Bancshares from $19.00 to $18.00 in a research report on Tuesday, September 22nd. Morgan Stanley downgraded Huntington Bancshares from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $21.00 to $19.00 in a research note on Friday, July 24th. Finally, Wells Fargo & Company reduced their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.98.

Huntington Bancshares Trading Up 1.5%

Huntington Bancshares stock opened at $16.01 on Tuesday. Huntington Bancshares Incorporated has a 1 year low of $14.82 and a 1 year high of $19.45. The firm’s 50 day moving average price is $15.94 and its 200-day moving average price is $16.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $32.35 billion, a P/E ratio of 13.23, a PEG ratio of 1.01 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be paid a $0.1550 dividend. The ex-dividend date is Friday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.9%. Huntington Bancshares’s payout ratio is presently 51.24%.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.