Vest Financial LLC Buys 108,387 Shares of Huntington Bancshares Incorporated $HBAN

Vest Financial LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 70.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 262,846 shares of the bank’s stock after purchasing an additional 108,387 shares during the period. Vest Financial LLC’s holdings in Huntington Bancshares were worth $4,405,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of Huntington Bancshares by 1,462.4% in the first quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock worth $3,188,000 after purchasing an additional 198,796 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Huntington Bancshares by 43.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after buying an additional 28,739 shares in the last quarter. Shell Asset Management Co. boosted its stake in Huntington Bancshares by 58.7% in the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock valued at $3,362,000 after buying an additional 74,220 shares in the last quarter. Czech National Bank boosted its stake in Huntington Bancshares by 6.6% in the second quarter. Czech National Bank now owns 356,096 shares of the bank’s stock valued at $5,968,000 after buying an additional 22,190 shares in the last quarter. Finally, Trinity Financial Advisors LLC boosted its stake in Huntington Bancshares by 1,497.1% in the second quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock valued at $4,853,000 after buying an additional 268,933 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.90 on Tuesday. The business’s 50-day moving average price is $17.10 and its 200-day moving average price is $16.08. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The firm has a market capitalization of $23.19 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.74 and a beta of 0.96. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s payout ratio is currently 45.93%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Morgan Stanley raised their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial raised their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Jefferies Financial Group lifted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.37.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction that occurred 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. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by corporate insiders.

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.