Intergy Private Wealth LLC Buys Shares of 33,928 Huntington Bancshares Incorporated $HBAN

Intergy Private Wealth LLC bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 33,928 shares of the bank’s stock, valued at approximately $531,000.

A number of other hedge funds have also recently made changes to their positions in the stock. MV Capital Management Inc. purchased a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new position in Huntington Bancshares during the third quarter valued at $26,000. South Plains Financial Inc. boosted its holdings in Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after acquiring an additional 826 shares in the last quarter. Centennial Bank AR bought a new stake in Huntington Bancshares in the fourth quarter worth $28,000. Finally, Accredited Wealth Management LLC grew its stake in shares of Huntington Bancshares by 374.5% in the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after acquiring an additional 1,322 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Insider Activity

In other news, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have bought 33,500 shares of company stock worth $617,542. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Up 1.1%

HBAN stock opened at $17.05 on Tuesday. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The business has a fifty day moving average price of $16.41 and a 200-day moving average price of $16.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $34.56 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.77 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.57 billion. During the same period last year, the firm posted $0.34 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio is currently 47.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HBAN. Weiss Ratings downgraded Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Stephens initiated coverage on shares of Huntington Bancshares in a research report on Monday, June 15th. They set an “equal weight” rating and a $19.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a report on Friday, June 12th. Finally, The Goldman Sachs Group dropped their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares 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.