Claro Advisors LLC Purchases Shares of 15,223 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Claro Advisors LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,223 shares of the bank’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. WealthShield Partners LLC raised its holdings in Huntington Bancshares by 5.9% during the second quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock valued at $163,000 after acquiring an additional 683 shares during the period. UMB Bank n.a. raised its holdings in Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after acquiring an additional 728 shares during the period. Foundations Investment Advisors LLC raised its holdings in Huntington Bancshares by 3.2% during the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock valued at $312,000 after acquiring an additional 744 shares during the period. Summit Financial Strategies Inc. raised its holdings in Huntington Bancshares by 2.5% during the second quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock valued at $408,000 after acquiring an additional 762 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Huntington Bancshares by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock valued at $2,192,000 after acquiring an additional 780 shares during the period. 80.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of recent analyst reports. Argus raised their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. reduced their target price on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Friday. Finally, Keefe, Bruyette & Woods reduced their target price on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $15.91.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the sale, the insider now directly owns 65,899 shares of the company’s stock, valued at $987,167.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,622 shares of company stock valued at $1,762,904. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 0.5 %

Shares of NASDAQ:HBAN opened at $15.36 on Monday. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $16.03. The business has a 50 day simple moving average of $14.56 and a two-hundred day simple moving average of $13.93. The firm has a market capitalization of $22.26 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

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.