Huntington Bancshares Incorporated $HBAN Stock Holdings Lifted by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 82.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,568 shares of the bank’s stock after acquiring an additional 8,385 shares during the period. Woodward Diversified Capital LLC’s holdings in Huntington Bancshares were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new position in shares of Huntington Bancshares in the second quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Huntington Bancshares during the first quarter valued at approximately $29,000. Quarry LP grew its position in Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Huntington Bancshares during the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC grew its position in Huntington Bancshares by 516.3% during the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,869 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on HBAN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. DA Davidson boosted their price objective on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Thursday, July 3rd. Finally, Wall Street Zen cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $19.24.

Huntington Bancshares Trading Down 1.3%

Shares of Huntington Bancshares stock opened at $17.04 on Thursday. The firm has a market capitalization of $24.86 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The company’s fifty day moving average price is $17.10 and its two-hundred day moving average price is $15.99. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s payout ratio is 45.93%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the sale, the executive vice president owned 299,361 shares of the company’s stock, valued at $5,388,498. The trade was a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Company 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.