First Horizon Advisors Inc. Has $256,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

First Horizon Advisors Inc. lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,406 shares of the bank’s stock after acquiring an additional 2,608 shares during the quarter. First Horizon Advisors Inc.’s holdings in Huntington Bancshares were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HBAN. Acadian Asset Management LLC acquired a new position in shares of Huntington Bancshares in the 1st quarter worth approximately $378,000. Bessemer Group Inc. raised its stake in Huntington Bancshares by 21.2% during the first quarter. Bessemer Group Inc. now owns 17,241 shares of the bank’s stock worth $241,000 after buying an additional 3,010 shares during the last quarter. Pitcairn Co. boosted its position in Huntington Bancshares by 7.8% during the first quarter. Pitcairn Co. now owns 16,934 shares of the bank’s stock valued at $236,000 after acquiring an additional 1,230 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Huntington Bancshares during the 1st quarter worth about $249,000. Finally, Toronto Dominion Bank raised its position in shares of Huntington Bancshares by 2.1% in the 1st quarter. Toronto Dominion Bank now owns 819,314 shares of the bank’s stock worth $11,429,000 after acquiring an additional 17,086 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Price Performance

HBAN opened at $17.89 on Friday. Huntington Bancshares Incorporated has a 1 year low of $10.73 and a 1 year high of $17.98. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $25.99 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 3.50 and a beta of 1.03. The firm’s fifty day moving average price is $15.72 and its two-hundred day moving average price is $14.46.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s payout ratio is 59.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on HBAN. Evercore ISI raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Citigroup raised their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley increased their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Baird R W lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.26.

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.