ERTS Wealth Advisors LLC Takes $229,000 Position in Huntington Bancshares Incorporated $HBAN

ERTS Wealth Advisors LLC purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,641 shares of the bank’s stock, valued at approximately $229,000. Huntington Bancshares comprises 0.1% of ERTS Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other large investors have also added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC bought a new stake in Huntington Bancshares during the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Huntington Bancshares during the second quarter worth $30,000. Quarry LP grew its stake in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 shares during the last quarter. Trust Co. of Vermont increased its holdings in Huntington Bancshares by 249.8% in the second quarter. Trust Co. of Vermont now owns 2,690 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,921 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in Huntington Bancshares by 74.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,794 shares of the bank’s stock worth $42,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other news, Director John C. Inglis bought 6,506 shares of Huntington Bancshares stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $15.30 per share, for a total transaction of $99,541.80. Following the purchase, the director directly owned 89,831 shares in the company, valued at approximately $1,374,414.30. This represents a 7.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of HBAN opened at $15.82 on Wednesday. The firm has a market cap of $23.09 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The business’s 50 day moving average price is $16.58 and its two-hundred day moving average price is $16.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data 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 during the quarter. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

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

Analyst Ratings Changes

HBAN has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price target on Huntington Bancshares from $20.00 to $19.00 in a research report on Monday, November 3rd. TD Cowen upped their target price on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Zacks Research upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.66.

Huntington Bancshares 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.