Huntington Bancshares Incorporated $HBAN Shares Acquired by Elizabeth Park Capital Advisors Ltd.

Elizabeth Park Capital Advisors Ltd. raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 42.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,000 shares of the bank’s stock after purchasing an additional 63,220 shares during the period. Huntington Bancshares makes up about 3.2% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its 5th largest holding. Elizabeth Park Capital Advisors Ltd.’s holdings in Huntington Bancshares were worth $3,570,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. boosted its stake in shares of Huntington Bancshares by 1.2% in the second quarter. Federated Hermes Inc. now owns 20,336,013 shares of the bank’s stock valued at $340,832,000 after buying an additional 232,528 shares during the period. StoneX Group Inc. raised its holdings in Huntington Bancshares by 55.1% in the 2nd quarter. StoneX Group Inc. now owns 18,706 shares of the bank’s stock valued at $315,000 after acquiring an additional 6,644 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Huntington Bancshares by 8.3% during the 2nd quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock valued at $662,000 after acquiring an additional 3,023 shares during the period. Endeavour Capital Advisors Inc. grew its holdings in shares of Huntington Bancshares by 45.8% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 57,109 shares of the bank’s stock worth $957,000 after purchasing an additional 17,927 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Huntington Bancshares by 8.7% in the second quarter. Baird Financial Group Inc. now owns 1,196,652 shares of the bank’s stock worth $20,056,000 after purchasing an additional 96,032 shares during the period. 80.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective for the company. Citigroup upped their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Raymond James Financial reiterated a “strong-buy” rating and set a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $19.69.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 64,587 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the completion of the transaction, the insider owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Inglis bought 6,506 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the transaction, the director owned 89,831 shares in the company, valued at $1,374,414.30. This trade represents a 7.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $16.90 on Friday. The company has a market cap of $24.66 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $16.04 and a 200 day simple moving average of $16.48. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.03.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The firm had revenue of $580.00 million for the quarter. Research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

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.