Dakota Wealth Management Purchases 1,751 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Dakota Wealth Management increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,180 shares of the bank’s stock after acquiring an additional 1,751 shares during the quarter. Dakota Wealth Management’s holdings in Huntington Bancshares were worth $187,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HBAN. Louisiana State Employees Retirement System acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $1,114,000. SVB Wealth LLC increased its holdings in Huntington Bancshares by 51.1% during the fourth quarter. SVB Wealth LLC now owns 17,415 shares of the bank’s stock worth $222,000 after buying an additional 5,889 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Huntington Bancshares by 9.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 133,748 shares of the bank’s stock worth $1,702,000 after buying an additional 11,027 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Huntington Bancshares by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 4,530 shares of the bank’s stock worth $58,000 after buying an additional 1,371 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Huntington Bancshares by 33.4% during the fourth quarter. Signaturefd LLC now owns 29,748 shares of the bank’s stock worth $378,000 after buying an additional 7,449 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the topic of several research reports. UBS Group decreased their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Evercore ISI reduced their target price on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Piper Sandler boosted their target price on shares of Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Robert W. Baird cut shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, July 26th. Finally, Baird R W cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $15.59.

Huntington Bancshares Trading Down 0.3 %

Shares of Huntington Bancshares stock traded down $0.04 on Wednesday, reaching $13.86. 946,541 shares of the company’s stock were exchanged, compared to its average volume of 17,004,543. The company has a market capitalization of $20.09 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 2.94 and a beta of 1.06. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24. The firm’s 50-day moving average is $13.57 and its two-hundred day moving average is $13.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business earned $0.35 EPS. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Insider Activity

In other news, insider Helga Houston sold 7,278 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the sale, the insider now directly owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares in the company, valued at approximately $167,331.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Helga Houston sold 7,278 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the transaction, the insider now owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The disclosure for this sale can be found here. Insiders sold a total of 123,900 shares of company stock valued at $1,862,176 in the last ninety days. 0.89% of the stock is currently owned by insiders.

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.