Strategic Blueprint LLC Trims Stock Holdings in Huntington Bancshares Incorporated $HBAN

Strategic Blueprint LLC reduced its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,211 shares of the bank’s stock after selling 2,224 shares during the period. Strategic Blueprint LLC’s holdings in Huntington Bancshares were worth $456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new stake in Huntington Bancshares in the 2nd quarter valued at about $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Huntington Bancshares in the 1st quarter valued at about $29,000. Quarry LP raised 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 purchased a new stake in Huntington Bancshares in the 1st quarter valued at about $31,000. Finally, Golden State Wealth Management LLC raised 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on HBAN shares. DA Davidson boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Evercore ISI initiated coverage on shares of Huntington Bancshares in a research note on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price target on the stock. Citigroup boosted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Morgan Stanley boosted their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $19.76.

Huntington Bancshares Price Performance

HBAN stock opened at $16.07 on Monday. The company has a market capitalization of $23.44 billion, a P/E ratio of 11.24, a PEG ratio of 0.70 and a beta of 0.96. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The business has a 50 day simple moving average of $17.02 and a 200-day simple moving average of $16.22. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $469.00 million during the quarter. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

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

Insider Activity at Huntington Bancshares

In other news, 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 transaction of $739,800.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by company insiders.

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.