Ameritas Advisory Services LLC Takes $66,000 Position in Huntington Bancshares Incorporated $HBAN

Ameritas Advisory Services LLC acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,916 shares of the bank’s stock, valued at approximately $66,000.

Other hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Huntington Bancshares during the second quarter valued at $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Huntington Bancshares during the first quarter valued at $29,000. Quarry LP boosted its stake in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after acquiring an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Huntington Bancshares during the first quarter valued at $31,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Huntington Bancshares by 516.3% during the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,869 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of analyst reports. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Thursday, July 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Wednesday. Jefferies Financial Group lifted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price objective on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday. Finally, Truist Financial lifted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.37.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

HBAN stock opened at $15.60 on Friday. The stock has a 50-day moving average price of $17.10 and a two-hundred day moving average price of $16.07. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market cap of $22.76 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%.The firm had revenue of $469.00 million during the quarter. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s 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.