Almanack Investment Partners LLC. Has $1.17 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Almanack Investment Partners LLC. raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,699 shares of the bank’s stock after buying an additional 768 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Huntington Bancshares were worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in Huntington Bancshares in the 2nd quarter valued at $1,539,000. Vanguard Personalized Indexing Management LLC grew its holdings in Huntington Bancshares by 26.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after buying an additional 35,014 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Huntington Bancshares by 9.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,055 shares of the bank’s stock valued at $202,000 after buying an additional 1,004 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in Huntington Bancshares by 34.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 154,365 shares of the bank’s stock valued at $2,587,000 after buying an additional 39,497 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Huntington Bancshares by 8.7% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 16,277 shares of the bank’s stock worth $273,000 after purchasing an additional 1,307 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $15.60 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The company has a market cap of $22.76 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.74 and a beta of 0.96. The business has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $16.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%.The business had revenue of $469.00 million during the quarter. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were given a $0.155 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.0%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 45.93%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Wolfe Research raised 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. DA Davidson increased their target price on Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft increased their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Finally, Morgan Stanley increased their target price on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.37.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% 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. Corporate insiders own 0.89% of the company’s stock.

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.