Icon Advisers Inc. Co. Increases Stock Position in Huntington Bancshares Incorporated $HBAN

Icon Advisers Inc. Co. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 147.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,970 shares of the bank’s stock after purchasing an additional 88,281 shares during the period. Icon Advisers Inc. Co.’s holdings in Huntington Bancshares were worth $2,480,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. lifted its position in shares of Huntington Bancshares by 19.5% in the first quarter. Avantax Advisory Services Inc. now owns 33,698 shares of the bank’s stock valued at $506,000 after acquiring an additional 5,493 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Huntington Bancshares by 28.6% in the 1st quarter. Mackenzie Financial Corp now owns 138,555 shares of the bank’s stock valued at $2,080,000 after purchasing an additional 30,808 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Huntington Bancshares by 2.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock worth $436,000 after purchasing an additional 691 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Huntington Bancshares by 256.7% during the first quarter. Arkadios Wealth Advisors now owns 66,177 shares of the bank’s stock worth $993,000 after buying an additional 47,624 shares in the last quarter. Finally, NorthRock Partners LLC raised its position in shares of Huntington Bancshares by 27.3% in the first quarter. NorthRock Partners LLC now owns 22,694 shares of the bank’s stock valued at $344,000 after buying an additional 4,873 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 6,416 shares of Huntington Bancshares stock in a transaction on Friday, November 14th. The shares were sold at an average price of $15.65, for a total transaction of $100,410.40. Following the sale, the executive vice president owned 252,305 shares of the company’s stock, valued at $3,948,573.25. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the sale, the insider directly owned 534,640 shares in the company, valued at approximately $8,222,763.20. The trade was a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 112,103 shares of company stock valued at $1,833,558 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Down 0.0%

HBAN opened at $16.27 on Friday. The company has a market cap of $23.74 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.13. The firm has a 50 day moving average price of $16.09 and a 200 day moving average price of $16.46.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share (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 during the quarter. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 43.36%.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of analyst reports. Stephens raised their target price on shares of Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Wednesday, October 8th. Citigroup lifted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Finally, Evercore ISI assumed coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $19.64.

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.