SYM FINANCIAL Corp Raises Stock Position in Huntington Bancshares Incorporated $HBAN

SYM FINANCIAL Corp lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 72.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,496 shares of the bank’s stock after buying an additional 7,327 shares during the quarter. SYM FINANCIAL Corp’s holdings in Huntington Bancshares were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HBAN. GAMMA Investing LLC lifted its position in shares of Huntington Bancshares by 6.4% during the 1st quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock worth $633,000 after buying an additional 2,540 shares during the last quarter. Golden State Wealth Management LLC lifted 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 buying an additional 1,869 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Huntington Bancshares by 25.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 241,515 shares of the bank’s stock worth $3,625,000 after buying an additional 48,531 shares during the last quarter. Amalgamated Bank lifted its position in shares of Huntington Bancshares by 1.7% during the 1st quarter. Amalgamated Bank now owns 284,623 shares of the bank’s stock worth $4,272,000 after buying an additional 4,886 shares during the last quarter. Finally, Albion Financial Group UT purchased a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $98,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 2.7%

Shares of NASDAQ:HBAN opened at $15.64 on Tuesday. The company has a market cap of $22.82 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.70 and a beta of 0.96. The firm’s 50-day simple moving average is $17.00 and its 200-day simple moving average is $16.24. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. 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 issued 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 net margin of 18.06% and a return on equity of 12.14%. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s payout ratio is presently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HBAN. Cowen reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Monday, October 20th. DA Davidson 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 report on Monday, October 20th. JPMorgan Chase & Co. upped their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft 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 report on Tuesday, September 30th. Finally, Evercore ISI began coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price 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.