40,930 Shares of Huntington Bancshares Incorporated $HBAN Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 40,930 shares of the bank’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new stake in Huntington Bancshares during the third quarter valued at approximately $31,000. Childress Capital Advisors LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter valued at approximately $263,000. D.A. Davidson & CO. grew its stake in shares of Huntington Bancshares by 9.5% in the 3rd quarter. D.A. Davidson & CO. now owns 234,286 shares of the bank’s stock valued at $3,575,000 after purchasing an additional 20,323 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Huntington Bancshares by 1.8% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 40,980 shares of the bank’s stock worth $625,000 after buying an additional 717 shares in the last quarter. Finally, North Dakota State Investment Board raised its holdings in shares of Huntington Bancshares by 3.4% in the 3rd quarter. North Dakota State Investment Board now owns 61,693 shares of the bank’s stock worth $941,000 after buying an additional 2,049 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In other news, Director James Rollins, III acquired 14,000 shares of Huntington Bancshares stock in a transaction on Monday, October 26th. The shares were purchased at an average price of $18.12 per share, with a total value of $253,680.00. Following the acquisition, the director owned 15,500 shares in the company, valued at $280,860. This represents a 933.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Torgow purchased 12,700 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were purchased at an average cost of $15.73 per share, for a total transaction of $199,771.00. Following the purchase, the director directly owned 956,041 shares of the company’s stock, valued at $15,038,524.93. This trade represents a 1.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HBAN shares. Stephens cut their target price on Huntington Bancshares from $19.00 to $18.00 in a research report on Tuesday, September 22nd. TD Cowen initiated coverage on Huntington Bancshares in a research report on Thursday, October 8th. They issued a “buy” rating and a $18.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 6th. JPMorgan Chase & Co. increased their price objective on Huntington Bancshares from $17.50 to $18.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have given 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 $18.98.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $15.78 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.01 and a beta of 0.95. Huntington Bancshares Incorporated has a 1-year low of $14.82 and a 1-year high of $19.45. The firm’s 50-day moving average price is $15.96 and its two-hundred day moving average price is $16.70.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.41 earnings per share. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be paid a $0.1550 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s payout ratio is currently 51.24%.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.