Vest Financial LLC Has $4.41 Million Holdings in Huntington Bancshares Incorporated $HBAN

Key Points

• Vest Financial LLC increased its stake in Huntington Bancshares by 70.2%, owning 262,846 shares valued at approximately $4.41 million after buying an additional 108,387 shares in the second quarter.
• Huntington Bancshares recently announced a quarterly dividend of $0.155 per share, representing an annualized yield of 3.9% with a dividend payout ratio of 45.93%.
• Analysts have reiterated positive ratings for Huntington Bancshares, with a consensus price target of $19.37 and multiple firms upgrading their target prices to as high as $22.00.

Vest Financial LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 70.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,846 shares of the bank's stock after buying an additional 108,387 shares during the quarter. Vest Financial LLC's holdings in Huntington Bancshares were worth $4,405,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HBAN. Farther Finance Advisors LLC boosted its holdings in shares of Huntington Bancshares by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 28,301 shares of the bank's stock valued at $423,000 after buying an additional 15,984 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Huntington Bancshares by 6.4% in the 1st quarter. GAMMA Investing LLC now owns 42,196 shares of the bank's stock valued at $633,000 after buying an additional 2,540 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Huntington Bancshares by 41.1% in the 1st quarter. Fifth Third Bancorp now owns 125,450 shares of the bank's stock valued at $1,883,000 after buying an additional 36,546 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Huntington Bancshares by 54.2% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 18,523 shares of the bank's stock valued at $278,000 after buying an additional 6,510 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at approximately $182,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Up 1.9%

HBAN stock opened at $15.90 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.74 and a beta of 0.96. The business's fifty day moving average price is $17.10 and its two-hundred day moving average price is $16.08. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were given a dividend of $0.155 per share. The ex-dividend date was Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.9%. Huntington Bancshares's dividend payout ratio (DPR) is presently 45.93%.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction 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 transaction, the executive vice president 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 owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HBAN. 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 report on Tuesday, July 8th. Citigroup raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, September 19th. Wall Street Zen raised Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Saturday. Jefferies Financial Group raised their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.37.

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.

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