84,943 Shares in Huntington Bancshares Incorporated $HBAN Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 84,943 shares of the bank’s stock, valued at approximately $1,296,000.

Several other large investors also recently bought and sold shares of HBAN. TD Waterhouse Canada Inc. raised its stake in Huntington Bancshares by 90.7% during the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Trust Co. of Vermont bought a new position in Huntington Bancshares during the second quarter valued at $29,000. Johnson Financial Group Inc. purchased a new position in shares of Huntington Bancshares in the 2nd quarter worth $31,000. Livelsberger Financial Advisory purchased a new position in shares of Huntington Bancshares in the 3rd quarter worth $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Huntington Bancshares by 80.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock worth $35,000 after buying an additional 994 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America downgraded shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $18.50 in a report on Monday, July 27th. Jefferies Financial Group lowered their price target on shares of Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, September 24th. Citigroup dropped their price target on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, October 26th. JPMorgan Chase & Co. lifted their price target on Huntington Bancshares from $17.50 to $18.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wolfe Research cut Huntington Bancshares from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $18.98.

Insider Buying and Selling at Huntington Bancshares

In related news, Director James D. Rollins III acquired 14,000 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were bought at an average price of $18.12 per share, with a total value of $253,680.00. Following the completion of the transaction, the director directly owned 15,500 shares in the company, valued at $280,860. This trade represents a 933.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Torgow acquired 12,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were bought at an average cost of $15.73 per share, for a total transaction of $199,771.00. Following the transaction, the director owned 956,041 shares of the company’s stock, valued at $15,038,524.93. This represents a 1.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Up 1.5%

NASDAQ:HBAN opened at $16.01 on Tuesday. Huntington Bancshares Incorporated has a twelve month low of $14.82 and a twelve month high of $19.45. The company has a market cap of $32.35 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95. The stock has a fifty day simple moving average of $15.94 and a 200-day simple moving average of $16.70. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm earned $0.41 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.54 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be issued a $0.1550 dividend. The ex-dividend date is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 51.24%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.