R Squared Ltd Purchases Shares of 12,318 Huntington Bancshares Incorporated $HBAN

R Squared Ltd purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,318 shares of the bank’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carnegie Investment Counsel increased its position in shares of Huntington Bancshares by 2.5% during the second quarter. Carnegie Investment Counsel now owns 488,523 shares of the bank’s stock worth $8,188,000 after acquiring an additional 11,812 shares in the last quarter. LifeWealth Investments LLC increased its position in shares of Huntington Bancshares by 2.3% during the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock worth $478,000 after acquiring an additional 632 shares in the last quarter. Forum Financial Management LP increased its position in shares of Huntington Bancshares by 74.1% during the second quarter. Forum Financial Management LP now owns 42,749 shares of the bank’s stock worth $716,000 after acquiring an additional 18,198 shares in the last quarter. Brookstone Capital Management increased its position in shares of Huntington Bancshares by 2.5% during the second quarter. Brookstone Capital Management now owns 734,963 shares of the bank’s stock worth $12,318,000 after acquiring an additional 18,061 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Huntington Bancshares during the second quarter worth about $83,000. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HBAN. Jefferies Financial Group boosted their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Evercore ISI began coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 target price for the company. Morgan Stanley upped their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Truist Financial upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Stephens upped their price objective on shares of Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average price target of $19.76.

Huntington Bancshares Trading Up 1.3%

Shares of HBAN stock opened at $16.07 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $23.44 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.70 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 50-day simple moving average of $17.02 and a two-hundred day simple moving average of $16.21.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results 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 net margin of 18.06% and a return on equity of 12.14%. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s payout ratio is presently 43.36%.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by insiders.

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.