Wedmont Private Capital Acquires 9,390 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Wedmont Private Capital lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 65.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,652 shares of the bank’s stock after acquiring an additional 9,390 shares during the quarter. Wedmont Private Capital’s holdings in Huntington Bancshares were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HBAN. Sequoia Financial Advisors LLC raised its position in shares of Huntington Bancshares by 0.6% in the second quarter. Sequoia Financial Advisors LLC now owns 580,146 shares of the bank’s stock valued at $7,646,000 after purchasing an additional 3,314 shares during the period. Czech National Bank lifted its position in Huntington Bancshares by 8.4% during the second quarter. Czech National Bank now owns 276,169 shares of the bank’s stock worth $3,640,000 after acquiring an additional 21,336 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Huntington Bancshares by 531.0% during the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank’s stock worth $15,166,000 after acquiring an additional 968,331 shares during the period. QRG Capital Management Inc. grew its position in shares of Huntington Bancshares by 4.9% in the second quarter. QRG Capital Management Inc. now owns 18,580 shares of the bank’s stock valued at $245,000 after purchasing an additional 868 shares during the last quarter. Finally, Cardinal Capital Management lifted its holdings in Huntington Bancshares by 2.3% during the 2nd quarter. Cardinal Capital Management now owns 170,367 shares of the bank’s stock worth $2,272,000 after purchasing an additional 3,863 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares in the company, valued at $167,331.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the transaction, the insider now owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the sale, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,900 shares of company stock valued at $1,862,176. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HBAN. Argus increased their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Citigroup boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Jefferies Financial Group dropped their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Piper Sandler increased their price target on Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Finally, Bank of America lifted 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.59.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN traded up $0.10 during trading on Tuesday, hitting $13.48. 9,296,671 shares of the company were exchanged, compared to its average volume of 17,315,500. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $15.24. The company has a market capitalization of $19.54 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 2.94 and a beta of 1.06. The business’s 50 day moving average is $13.49 and its 200-day moving average is $13.42.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period last year, the company earned $0.35 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

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.