REAP Financial Group LLC Has $47,000 Holdings in Huntington Bancshares Incorporated $HBAN

REAP Financial Group LLC lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 66.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,800 shares of the bank’s stock after buying an additional 1,119 shares during the quarter. REAP Financial Group LLC’s holdings in Huntington Bancshares were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Accurate Wealth Management LLC raised its stake in shares of Huntington Bancshares by 3.5% in the 2nd quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock valued at $319,000 after purchasing an additional 611 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Huntington Bancshares by 0.4% in the 2nd 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 raised its stake in shares of Huntington Bancshares by 2.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock valued at $436,000 after purchasing an additional 691 shares during the period. Winch Advisory Services LLC raised its stake in shares of Huntington Bancshares by 18.3% in the 1st 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 during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Huntington Bancshares by 2.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 29,032 shares of the bank’s stock valued at $487,000 after purchasing an additional 731 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction dated 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 transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 2.5%

Huntington Bancshares stock opened at $16.34 on Thursday. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $23.84 billion, a P/E ratio of 12.10, a PEG ratio of 0.81 and a beta of 0.96. The stock has a 50-day simple moving average of $17.11 and a 200 day simple moving average of $16.05.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a dividend of $0.155 per share. The ex-dividend date was Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.8%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 45.93%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HBAN shares. Morgan Stanley lifted their price target on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Thursday, July 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday. Jefferies Financial Group raised their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Citigroup raised their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.24.

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.