Fairway Wealth LLC Has $106,000 Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fairway Wealth LLC lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 23.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,018 shares of the bank’s stock after acquiring an additional 1,503 shares during the period. Fairway Wealth LLC’s holdings in Huntington Bancshares were worth $106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in shares of Huntington Bancshares by 34.3% during the 4th quarter. Quadrant Capital Group LLC now owns 14,740 shares of the bank’s stock worth $188,000 after purchasing an additional 3,762 shares during the period. NorthRock Partners LLC bought a new position in Huntington Bancshares during the fourth quarter valued at about $178,000. Financial Advocates Investment Management raised its holdings in Huntington Bancshares by 5.9% in the 4th quarter. Financial Advocates Investment Management now owns 15,325 shares of the bank’s stock valued at $195,000 after acquiring an additional 856 shares in the last quarter. ING Groep NV lifted its position in shares of Huntington Bancshares by 2.1% in the 4th quarter. ING Groep NV now owns 189,678 shares of the bank’s stock worth $2,413,000 after acquiring an additional 3,987 shares during the period. Finally, Norges Bank acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $206,703,000. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In other news, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the transaction, the insider now owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the transaction, the insider now owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now directly owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock worth $1,762,904 over the last three months. 0.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HBAN shares. Bank of America raised their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group decreased their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. UBS Group decreased their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Finally, Citigroup upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.59.

Huntington Bancshares Stock Up 1.8 %

Shares of NASDAQ:HBAN opened at $14.64 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The firm has a market cap of $21.22 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.90 and a beta of 1.05. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $15.24. The company’s 50-day moving average price is $14.25 and its two-hundred day moving average price is $13.70.

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

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.23%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is 55.86%.

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.