Soltis Investment Advisors LLC Buys 40,930 Shares of Huntington Bancshares Incorporated $HBAN

Soltis Investment Advisors LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 40,930 shares of the bank’s stock, valued at approximately $625,000.

A number of other hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont bought a new position in shares of Huntington Bancshares in the second quarter worth about $29,000. TD Waterhouse Canada Inc. lifted its position in shares of Huntington Bancshares by 90.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth about $31,000. N.E.W. Advisory Services LLC bought a new stake in Huntington Bancshares during the 2nd quarter valued at approximately $35,000. Finally, Livelsberger Financial Advisory bought a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $31,000. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other news, Director Gary Torgow acquired 12,700 shares of Huntington Bancshares stock in a transaction on Tuesday, October 27th. The stock was bought at an average price 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. The trade was a 1.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Rollins, III acquired 14,000 shares of Huntington Bancshares stock in a transaction on Monday, October 26th. The stock was purchased at an average price of $18.12 per share, with a total value of $253,680.00. Following the transaction, the director directly owned 15,500 shares in the company, valued at approximately $280,860. This trade represents a 933.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $15.78 on Friday. The firm’s 50-day moving average is $15.96 and its 200-day moving average is $16.70. The company has a market cap of $31.88 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.01 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. Huntington Bancshares Incorporated has a 52-week low of $14.82 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HBAN shares. DA Davidson lowered their target price on Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Weiss Ratings lowered Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. TD Cowen assumed coverage on Huntington Bancshares in a report on Thursday, October 8th. They set a “buy” rating and a $18.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Huntington Bancshares from $17.50 to $18.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Robert W. Baird lowered their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.98.

Huntington Bancshares Company 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.