Stratos Wealth Partners LTD. Has $1.17 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Stratos Wealth Partners LTD. lowered its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,785 shares of the bank’s stock after selling 1,641 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Huntington Bancshares were worth $1,170,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its stake in shares of Huntington Bancshares by 1,462.4% in the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock valued at $3,188,000 after purchasing an additional 198,796 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Huntington Bancshares by 26.4% during the 2nd 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 in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Huntington Bancshares by 43.4% during the 2nd 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 in the last quarter. Shell Asset Management Co. increased its holdings in Huntington Bancshares by 58.7% during the 2nd 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 in the last quarter. Finally, Czech National Bank grew its holdings in shares of Huntington Bancshares by 6.6% in the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock valued at $5,968,000 after acquiring an additional 22,190 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.6%

HBAN opened at $15.94 on Wednesday. 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 fifty-two week low of $11.91 and a fifty-two week high of $18.44. The firm has a market capitalization of $23.25 billion, a PE ratio of 11.15, a P/E/G ratio of 0.75 and a beta of 0.96. The company’s 50-day moving average is $17.07 and its 200 day moving average is $16.14.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $469.00 million for the quarter. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

HBAN has been the subject of several recent analyst reports. Stephens raised their target price on shares of Huntington Bancshares from $18.00 to $19.00 in a research note on Friday, October 17th. Evercore ISI assumed coverage on shares of Huntington Bancshares in a report on Tuesday. They set an “outperform” rating and a $18.00 target price on the stock. TD Cowen lifted their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday. DA Davidson lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday. Finally, Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Two 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 MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $19.76.

Insider Buying and Selling

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

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.