Huntington Bancshares Incorporated $HBAN Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,652 shares of the bank’s stock after acquiring an additional 3,019 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Accurate Wealth Management LLC increased its stake in shares of 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. Sumitomo Mitsui DS Asset Management Company Ltd grew its position 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 buying an additional 668 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Huntington Bancshares by 2.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock valued at $436,000 after acquiring an additional 691 shares during the period. Winch Advisory Services LLC boosted its stake in shares of Huntington Bancshares by 18.3% during the 1st quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock worth $69,000 after acquiring an additional 709 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Huntington Bancshares by 2.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 29,032 shares of the bank’s stock worth $487,000 after acquiring an additional 731 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Down 4.5%

Shares of NASDAQ HBAN opened at $15.60 on Friday. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The company has a market capitalization of $22.76 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.79 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 firm’s 50-day moving average is $17.10 and its two-hundred day moving average is $16.06.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. The company had revenue of $469.00 million for the quarter. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. 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. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft upped their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Jefferies Financial Group upped their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Truist Financial upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $19.24.

Insider Activity

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company’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 of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.89% of the company’s stock.

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.