Peterson Wealth Advisors LLC Purchases Shares of 12,000 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Peterson Wealth Advisors LLC acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,000 shares of the bank’s stock, valued at approximately $176,000.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC lifted its position in Huntington Bancshares by 251,152.2% during the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock valued at $2,417,000 after buying an additional 173,295 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Huntington Bancshares by 53.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock valued at $22,577,000 after purchasing an additional 564,729 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of Huntington Bancshares during the second quarter worth about $744,000. SG Americas Securities LLC boosted its position in shares of Huntington Bancshares by 531.0% in the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank’s stock worth $15,166,000 after buying an additional 968,331 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Huntington Bancshares by 64.2% in the fourth quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock valued at $3,877,000 after buying an additional 119,178 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the subject of a number of analyst reports. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Huntington Bancshares in a research note on Friday, October 18th. Jefferies Financial Group decreased their price objective 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. Robert W. Baird cut Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Friday, July 26th. Finally, Baird R W cut 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 issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.03.

Insider Buying and Selling

In related news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Trading Down 1.2 %

NASDAQ HBAN opened at $15.38 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $14.75 and a 200-day moving average of $14.00. Huntington Bancshares Incorporated has a 12 month low of $9.35 and a 12 month high of $16.03. The company has a market cap of $22.34 billion, a PE ratio of 14.79, a PEG ratio of 3.17 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during 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 quarter last year, the company posted $0.36 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.2 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.03%. Huntington Bancshares’s payout ratio is presently 59.62%.

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.