Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 116,346 shares of the bank’s stock after acquiring an additional 4,845 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Huntington Bancshares were worth $1,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its position in Huntington Bancshares by 2.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 143,739 shares of the bank’s stock worth $2,113,000 after acquiring an additional 3,335 shares during the period. Vontobel Holding Ltd. lifted its position in Huntington Bancshares by 37.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,801 shares of the bank’s stock worth $320,000 after acquiring an additional 5,913 shares during the period. Asset Dedication LLC lifted its position in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the period. Foster Victor Wealth Advisors LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth about $6,353,000. Finally, CX Institutional lifted its position in Huntington Bancshares by 13.4% during the 3rd quarter. CX Institutional now owns 17,748 shares of the bank’s stock worth $261,000 after acquiring an additional 2,102 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total transaction of $86,090.06. Following the completion of the transaction, the insider now owns 65,899 shares of the company’s stock, valued at $987,167.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Helga Houston sold 11,288 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the sale, the insider now owns 618,832 shares of the company’s stock, valued at approximately $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the completion of the sale, the insider now directly owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,622 shares of company stock valued at $1,762,904 over the last quarter. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $15.84 on Thursday. The business has a 50 day simple moving average of $14.49 and a two-hundred day simple moving average of $13.91. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $16.03. The stock has a market capitalization of $22.96 billion, a P/E ratio of 14.27, a PEG ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.91%. Huntington Bancshares’s payout ratio is currently 55.86%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Argus boosted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Morgan Stanley boosted their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America boosted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday, July 22nd. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. Finally, Baird R W cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.71.

About Huntington Bancshares

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.