Huntington Bancshares Incorporated $HBAN Shares Purchased by Vest Financial LLC

Vest Financial LLC grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.0% during the third quarter, Holdings Channel reports. The institutional investor owned 310,096 shares of the bank’s stock after acquiring an additional 47,250 shares during the period. Vest Financial LLC’s holdings in Huntington Bancshares were worth $5,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Grey Fox Wealth Advisors LLC acquired a new position in shares of Huntington Bancshares during the third quarter valued at approximately $31,000. Sage Mountain Advisors LLC boosted its stake in Huntington Bancshares by 56.9% during the 3rd quarter. Sage Mountain Advisors LLC now owns 28,060 shares of the bank’s stock valued at $485,000 after purchasing an additional 10,172 shares in the last quarter. Dynasty Wealth Management LLC increased its position in shares of Huntington Bancshares by 53.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 136,245 shares of the bank’s stock valued at $2,353,000 after purchasing an additional 47,512 shares during the period. Root Financial Partners LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth $44,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Huntington Bancshares by 1.6% in the third quarter. Arkadios Wealth Advisors now owns 65,075 shares of the bank’s stock valued at $1,124,000 after buying an additional 1,004 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $18.77 on Thursday. The company has a 50-day moving average of $17.21 and a two-hundred day moving average of $16.88. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.91.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Monday, December 1st. The bank reported $0.67 EPS for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $580.00 million during the quarter. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $20.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. JPMorgan Chase & Co. lifted their price objective on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Piper Sandler raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, December 10th. Finally, Wolfe Research restated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $20.08.

Insider Buying and Selling

In other news, insider Helga Houston sold 64,587 shares of the firm’s stock in a transaction 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 sale, the insider owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This trade represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marcy C. Hingst sold 12,832 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the transaction, the executive vice president directly owned 239,473 shares in the company, valued at $4,310,514. The trade was a 5.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 97,863 shares of company stock valued at $1,581,634. 0.89% of the stock is currently owned by company insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.