Stratos Wealth Partners LTD. Sells 1,641 Shares of Huntington Bancshares Incorporated $HBAN

Stratos Wealth Partners LTD. reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,785 shares of the bank’s stock after selling 1,641 shares during the period. Stratos Wealth Partners LTD.’s holdings in Huntington Bancshares were worth $1,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Family Legacy Financial Solutions LLC bought a new position in shares of Huntington Bancshares during the 2nd quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Huntington Bancshares during the 1st quarter valued at approximately $29,000. Quarry LP lifted its stake in shares of Huntington Bancshares by 73.0% during the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Huntington Bancshares during the 1st quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC lifted its stake 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 valued at $33,000 after buying an additional 1,869 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $15.94 on Wednesday. The firm’s fifty day moving average price is $17.07 and its 200-day moving average price is $16.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $23.25 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 43.36%.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen upped their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Citigroup upped their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday. Finally, Cowen restated a “buy” rating on shares of Huntington Bancshares in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.76.

Huntington Bancshares 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.