Valmark Advisers Inc. Buys 1,684 Shares of Huntington Bancshares Incorporated $HBAN

Valmark Advisers Inc. grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,116 shares of the bank’s stock after purchasing an additional 1,684 shares during the quarter. Valmark Advisers Inc.’s holdings in Huntington Bancshares were worth $840,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HBAN. Capital Investment Advisors LLC bought a new position in shares of Huntington Bancshares in the first quarter valued at about $152,000. Farther Finance Advisors LLC increased its position in Huntington Bancshares by 129.8% during the first quarter. Farther Finance Advisors LLC now owns 28,301 shares of the bank’s stock worth $423,000 after acquiring an additional 15,984 shares during the period. GAMMA Investing LLC increased its position in Huntington Bancshares by 6.4% during the first quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock worth $633,000 after acquiring an additional 2,540 shares during the period. Accurate Wealth Management LLC increased its position in Huntington Bancshares by 10.8% during the first quarter. Accurate Wealth Management LLC now owns 17,548 shares of the bank’s stock worth $263,000 after acquiring an additional 1,713 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Huntington Bancshares by 3,352.7% during the first quarter. Assenagon Asset Management S.A. now owns 2,069,450 shares of the bank’s stock worth $31,062,000 after acquiring an additional 2,009,513 shares during the period. 80.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Huntington Bancshares 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 completion of the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $16.34 on Friday. The company has a market capitalization of $23.84 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.79 and a beta of 0.96. 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 company’s 50 day moving average price is $17.11 and its 200-day moving average price is $16.06.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The company had revenue of $469.00 million during the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 price target (up from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday. DA Davidson raised their price target 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. Wolfe Research upgraded shares of 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.24.

About Huntington Bancshares

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.