71,939 Shares in Huntington Bancshares Incorporated $HBAN Bought by Ethos Financial Group LLC

Ethos Financial Group LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,939 shares of the bank’s stock, valued at approximately $1,259,000.

Other large investors have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $26,000. South Plains Financial Inc. lifted its position in shares of Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after purchasing an additional 826 shares during the last quarter. Accredited Wealth Management LLC grew its stake in Huntington Bancshares by 374.5% in the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after purchasing an additional 1,322 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Huntington Bancshares in the third quarter valued at about $31,000. Finally, AlphaCore Capital LLC bought a new stake in Huntington Bancshares in the third quarter valued at about $33,000. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 17,455 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total transaction of $330,423.15. Following the completion of the transaction, the vice president directly owned 42,398 shares of the company’s stock, valued at $802,594.14. The trade was a 29.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Torgow purchased 14,200 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $17.81 per share, for a total transaction of $252,902.00. Following the purchase, the director directly owned 943,341 shares of the company’s stock, valued at $16,800,903.21. This trade represents a 1.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 27,700 shares of company stock valued at $540,401 and have sold 108,986 shares valued at $1,785,958. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HBAN shares. DA Davidson reduced their target price on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 16th. JPMorgan Chase & Co. boosted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Stephens upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, December 18th. UBS Group set a $21.00 price objective on shares of Huntington Bancshares in a report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $20.43.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $15.79 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $16.75 and a 200-day moving average of $16.78. The firm has a market capitalization of $32.17 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.64 and a beta of 0.95. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period last year, the business posted $0.34 EPS. 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, April 1st. Stockholders of record on Wednesday, March 18th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. Huntington Bancshares’s payout ratio is 44.60%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.