Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 57,005 shares of the bank’s stock after purchasing an additional 1,094 shares during the period. Elevated Capital Advisors LLC’s holdings in Huntington Bancshares were worth $927,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Wedmont Private Capital grew its holdings in Huntington Bancshares by 8.1% during the 4th quarter. Wedmont Private Capital now owns 28,069 shares of the bank’s stock worth $450,000 after acquiring an additional 2,108 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Huntington Bancshares by 24.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 10,243 shares of the bank’s stock worth $168,000 after purchasing an additional 1,985 shares in the last quarter. Brookstone Capital Management increased its holdings in Huntington Bancshares by 1.4% in the fourth quarter. Brookstone Capital Management now owns 694,290 shares of the bank’s stock valued at $11,296,000 after buying an additional 9,611 shares during the last quarter. Czech National Bank raised its stake in Huntington Bancshares by 6.5% in the fourth quarter. Czech National Bank now owns 314,999 shares of the bank’s stock valued at $5,125,000 after buying an additional 19,123 shares in the last quarter. Finally, Trinity Financial Advisors LLC purchased a new stake in Huntington Bancshares during the 4th quarter worth about $190,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock valued at $757,356 in the last 90 days. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN traded up $0.20 during trading on Monday, hitting $16.22. 16,084,156 shares of the company were exchanged, compared to its average volume of 14,861,419. The firm’s fifty day moving average price is $17.05 and its 200 day moving average price is $15.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market cap of $23.56 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 3.42 and a beta of 1.07. Huntington Bancshares Incorporated has a 1 year low of $12.02 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period last year, the company posted $0.36 earnings per share. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.82%. The ex-dividend date was Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 59.62%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler raised their target price on Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Monday, December 23rd. Finally, Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.76.

Huntington Bancshares Company 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.