Uhlmann Price Securities LLC Invests $193,000 in Huntington Bancshares Incorporated $HBAN

Uhlmann Price Securities LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,493 shares of the bank’s stock, valued at approximately $193,000.

Several other hedge funds also recently made changes to their positions in HBAN. Family Legacy Financial Solutions LLC bought a new position in shares of Huntington Bancshares during the second quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC bought a new position in Huntington Bancshares in the 1st quarter valued at about $29,000. Quarry LP increased its holdings in Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the period. LFA Lugano Financial Advisors SA bought a new position in Huntington Bancshares in the 1st quarter valued at about $31,000. Finally, Golden State Wealth Management LLC increased its holdings in Huntington Bancshares by 516.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after buying an additional 1,869 shares during the period. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Up 2.2%

NASDAQ:HBAN opened at $15.84 on Tuesday. The firm’s 50 day simple moving average is $17.08 and its 200 day simple moving average is $16.14. 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. The company has a market cap of $23.11 billion, a PE ratio of 11.08, a P/E/G ratio of 0.73 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS 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. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares 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 sale, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on HBAN. Raymond James Financial reissued a “strong-buy” rating and issued a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Monday. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Thursday, July 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Two investment 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.76.

About Huntington Bancshares

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.