Huntington Bancshares Incorporated $HBAN Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,558 shares of the bank’s stock after purchasing an additional 2,800 shares during the quarter. Focus Financial Network Inc.’s holdings in Huntington Bancshares were worth $382,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its position in shares of Huntington Bancshares by 1,462.4% in the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock worth $3,188,000 after acquiring an additional 198,796 shares in the last quarter. QRG Capital Management Inc. raised its stake in Huntington Bancshares by 11.9% during the 1st quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank’s stock valued at $388,000 after acquiring an additional 2,751 shares in the last quarter. Brown Advisory Inc. raised its stake in Huntington Bancshares by 13.5% during the 1st quarter. Brown Advisory Inc. now owns 36,467 shares of the bank’s stock valued at $547,000 after acquiring an additional 4,347 shares in the last quarter. Trinity Financial Advisors LLC raised its stake in Huntington Bancshares by 1,497.1% during the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock valued at $4,853,000 after acquiring an additional 268,933 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Huntington Bancshares by 4.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 111,990 shares of the bank’s stock worth $1,681,000 after buying an additional 4,321 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Thursday, July 3rd. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Citigroup lifted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Jefferies Financial Group boosted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $18.79.

Huntington Bancshares Trading Down 0.8%

Huntington Bancshares stock opened at $17.72 on Friday. The business has a 50 day moving average price of $17.02 and a two-hundred day moving average price of $15.85. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s dividend payout ratio is 45.93%.

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.