JFS Wealth Advisors LLC Acquires 4,849 Shares of Huntington Bancshares Incorporated $HBAN

JFS Wealth Advisors LLC increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 147.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,132 shares of the bank’s stock after purchasing an additional 4,849 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HBAN. Vanguard Group Inc. boosted its position in Huntington Bancshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 173,956,974 shares of the bank’s stock valued at $2,611,094,000 after acquiring an additional 978,565 shares during the last quarter. Invesco Ltd. boosted its position in Huntington Bancshares by 8.7% during the first quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock valued at $858,371,000 after acquiring an additional 4,586,607 shares during the last quarter. Victory Capital Management Inc. boosted its position in Huntington Bancshares by 9.2% during the first quarter. Victory Capital Management Inc. now owns 23,828,775 shares of the bank’s stock valued at $357,670,000 after acquiring an additional 2,003,683 shares during the last quarter. Amundi boosted its position in Huntington Bancshares by 26.2% during the first quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after acquiring an additional 4,576,432 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Huntington Bancshares by 2.5% during the first quarter. Federated Hermes Inc. now owns 20,103,485 shares of the bank’s stock valued at $301,753,000 after acquiring an additional 498,182 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 4.5%

HBAN opened at $15.60 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. 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 $22.76 billion, a PE ratio of 11.56, a P/E/G ratio of 0.75 and a beta of 0.96. The company’s 50-day moving average is $17.10 and its 200 day moving average is $16.07.

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 17.36% and a return on equity of 11.81%. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 45.93%.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company’s 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 sale, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson upped their price target 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. Citigroup upped their price target 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. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. upped their price objective on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.37.

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.