Creative Financial Designs Inc. ADV Raises Position in Huntington Bancshares Incorporated $HBAN

Creative Financial Designs Inc. ADV lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 688.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,478 shares of the bank’s stock after buying an additional 75,516 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Huntington Bancshares were worth $1,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock worth $3,319,385,000 after buying an additional 14,338,222 shares during the period. Boston Partners boosted its position in shares of Huntington Bancshares by 3.9% in the third quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock worth $1,091,615,000 after buying an additional 2,363,905 shares during the period. Invesco Ltd. boosted its position in shares of Huntington Bancshares by 1.5% in the third quarter. Invesco Ltd. now owns 59,062,922 shares of the bank’s stock worth $1,020,017,000 after buying an additional 861,263 shares during the period. Victory Capital Management Inc. boosted its position in shares of Huntington Bancshares by 15.7% in the third quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after buying an additional 4,640,302 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Huntington Bancshares by 4.7% in the third quarter. Federated Hermes Inc. now owns 21,292,946 shares of the bank’s stock worth $367,729,000 after buying an additional 956,933 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 2.3%

NASDAQ:HBAN opened at $15.82 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $15.97 and its two-hundred day moving average is $16.74. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The company has a market cap of $32.07 billion, a PE ratio of 12.17, a P/E/G ratio of 0.71 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business posted $0.34 EPS. On average, analysts predict that Huntington Bancshares Incorporated will post 1.62 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HBAN. DA Davidson decreased their target price on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Evercore reduced their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. The Goldman Sachs Group reduced their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Keefe, Bruyette & Woods reduced their price target on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.05.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Prashant Nateri sold 10,171 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the transaction, the insider owned 83,819 shares of the company’s stock, valued at $1,299,194.50. This trade represents a 10.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James D. Rollins III bought 8,471 shares of Huntington Bancshares stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of $18.01 per share, for a total transaction of $152,562.71. Following the acquisition, the director owned 11,500 shares in the company, valued at $207,115. The trade was a 279.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 25,000 shares of company stock valued at $503,822 in the last quarter. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.