Elizabeth Park Capital Advisors Ltd. Has $3.57 Million Stake in Huntington Bancshares Incorporated $HBAN

Elizabeth Park Capital Advisors Ltd. boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 42.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 213,000 shares of the bank’s stock after buying an additional 63,220 shares during the quarter. Huntington Bancshares makes up about 3.2% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its 5th biggest position. Elizabeth Park Capital Advisors Ltd.’s holdings in Huntington Bancshares were worth $3,570,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Accurate Wealth Management LLC raised its holdings in shares of Huntington Bancshares by 3.5% in the second quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock valued at $319,000 after purchasing an additional 611 shares during the last quarter. LifeWealth Investments LLC grew its position in Huntington Bancshares by 2.3% in the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock valued at $478,000 after purchasing an additional 632 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Huntington Bancshares by 0.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock valued at $2,758,000 after buying an additional 668 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Huntington Bancshares by 2.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 29,032 shares of the bank’s stock worth $487,000 after buying an additional 731 shares in the last quarter. Finally, Almanack Investment Partners LLC. boosted its stake in shares of Huntington Bancshares by 1.1% during the 2nd quarter. Almanack Investment Partners LLC. now owns 69,699 shares of the bank’s stock worth $1,168,000 after buying an additional 768 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $16.90 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $24.66 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.63 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.03. The stock has a 50 day moving average of $16.04 and a 200-day moving average of $16.48.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $580.00 million during the quarter. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares’s payout ratio is presently 43.36%.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 6,416 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $15.65, for a total value of $100,410.40. Following the transaction, the executive vice president owned 252,305 shares of the company’s stock, valued at approximately $3,948,573.25. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Helga Houston sold 64,587 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the transaction, the insider owned 534,640 shares in the company, valued at approximately $8,222,763.20. This trade represents a 10.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on HBAN shares. DA Davidson reaffirmed a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Wall Street Zen lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Evercore ISI started coverage on Huntington Bancshares in a research note on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. Finally, TD Cowen upped their price target on shares of Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

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.