Pinnacle Wealth Planning Services Inc. Purchases 4,581 Shares of Huntington Bancshares Incorporated $HBAN

Pinnacle Wealth Planning Services Inc. raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 20.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,539 shares of the bank’s stock after buying an additional 4,581 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Huntington Bancshares were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of HBAN. Vanguard Personalized Indexing Management LLC grew its stake in shares of Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after purchasing an additional 35,014 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted 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 buying an additional 28,739 shares in the last quarter. Shell Asset Management Co. boosted its position in Huntington Bancshares by 58.7% in the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock valued at $3,362,000 after buying an additional 74,220 shares during the last quarter. Czech National Bank increased its stake 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 buying an additional 22,190 shares during the period. Finally, Boston Partners raised its position in shares of Huntington Bancshares by 4.7% during the second quarter. Boston Partners now owns 60,871,690 shares of the bank’s stock worth $1,019,253,000 after acquiring an additional 2,709,071 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John C. Inglis acquired 6,506 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Marcy C. Hingst sold 6,416 shares of Huntington Bancshares stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $15.65, for a total value of $100,410.40. Following the transaction, the executive vice president owned 252,305 shares in the company, valued at approximately $3,948,573.25. This represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.35 on Wednesday. The stock has a market cap of $22.40 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The stock has a 50-day moving average of $16.37 and a 200-day moving average of $16.43. 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 one year low of $11.91 and a one year high of $18.44.

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 business had revenue of $469.00 million for the quarter. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s payout ratio is 43.36%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HBAN shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. TD Cowen upped their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. DA Davidson reaffirmed a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday. Three 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 issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.66.

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.