Exencial Wealth Advisors LLC Sells 8,896 Shares of Huntington Bancshares Incorporated $HBAN

Exencial Wealth Advisors LLC decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 25.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,230 shares of the bank’s stock after selling 8,896 shares during the period. Exencial Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $440,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HBAN. Family Legacy Financial Solutions LLC bought a new stake in Huntington Bancshares in the 2nd quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC bought a new stake in Huntington Bancshares in the 1st quarter valued at approximately $29,000. Quarry LP lifted its stake in Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after acquiring an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Huntington Bancshares during the 1st quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC increased its position in shares of Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after purchasing an additional 1,869 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 1.3%

HBAN stock opened at $16.07 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $23.44 billion, a PE ratio of 11.24, a PEG ratio of 0.69 and a beta of 0.96. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The business’s 50 day simple moving average is $17.02 and its 200 day simple moving average is $16.18.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The business had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

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

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction on Friday, September 5th. The stock was 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 of the company’s stock, valued at $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HBAN. Stephens boosted their price target on Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Morgan Stanley boosted their price target on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Evercore ISI began coverage on Huntington Bancshares in a research report on Tuesday. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.76.

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.