Farther Finance Advisors LLC Boosts Holdings in Huntington Bancshares Incorporated $HBAN

Farther Finance Advisors LLC increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,032 shares of the bank’s stock after purchasing an additional 731 shares during the period. Farther Finance Advisors LLC’s holdings in Huntington Bancshares were worth $487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Huntington Bancshares by 0.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock valued at $2,758,000 after purchasing an additional 668 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Huntington Bancshares by 2.4% during the first quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock worth $436,000 after buying an additional 691 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in shares of Huntington Bancshares by 18.3% in the first quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock valued at $69,000 after purchasing an additional 709 shares in the last quarter. Quarry LP lifted its holdings in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 5.5% in the first quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank’s stock valued at $241,000 after purchasing an additional 844 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HBAN. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Thursday, July 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. DA Davidson increased their price objective on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Jefferies Financial Group increased their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Citigroup raised their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $18.89.

Huntington Bancshares Trading Up 0.6%

NASDAQ:HBAN opened at $17.42 on Friday. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.84 and a beta of 0.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $17.07 and its 200-day moving average is $15.94.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares’s payout ratio is 45.93%.

Huntington Bancshares 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.