D.A. Davidson & CO. Increases Stock Holdings in Huntington Bancshares Incorporated $HBAN

D.A. Davidson & CO. increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 26.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,886 shares of the bank’s stock after acquiring an additional 19,435 shares during the quarter. D.A. Davidson & CO.’s holdings in Huntington Bancshares were worth $1,540,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC grew its position in shares of Huntington Bancshares by 3.5% in the second 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 lifted its stake in 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 buying an additional 668 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in Huntington Bancshares by 2.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock worth $436,000 after buying an additional 691 shares during the last quarter. Winch Advisory Services LLC increased its stake in Huntington Bancshares by 18.3% during the 1st quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock worth $69,000 after buying an additional 709 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Huntington Bancshares by 2.6% during the second quarter. Farther Finance Advisors LLC now owns 29,032 shares of the bank’s stock valued at $487,000 after acquiring an additional 731 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. Truist Financial increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wolfe Research raised 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, Keefe, Bruyette & Woods increased their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.76.

Huntington Bancshares Trading Up 1.3%

Shares of HBAN opened at $16.07 on Monday. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The firm has a market capitalization of $23.44 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.70 and a beta of 0.96. The firm has a 50-day moving average price of $17.02 and a 200 day moving average price of $16.22. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $469.00 million for the quarter. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend 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 firm’s 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 completion of the sale, the executive vice president owned 299,361 shares of the company’s stock, valued at $5,388,498. This trade represents 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. Insiders own 0.89% of the company’s stock.

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.