Prospera Private Wealth LLC Has $746,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Prospera Private Wealth LLC increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,739 shares of the bank’s stock after buying an additional 1,622 shares during the quarter. Prospera Private Wealth LLC’s holdings in Huntington Bancshares were worth $746,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HBAN. WealthShield Partners LLC raised its stake in shares of Huntington Bancshares by 5.9% in the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock valued at $163,000 after buying an additional 683 shares in the last quarter. UMB Bank n.a. lifted its holdings in Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after purchasing an additional 728 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Huntington Bancshares by 3.2% in the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock valued at $312,000 after buying an additional 744 shares in the last quarter. Summit Financial Strategies Inc. grew its stake in Huntington Bancshares by 2.5% during the second quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock worth $408,000 after buying an additional 762 shares during the last quarter. Finally, TCW Group Inc. raised its stake in shares of Huntington Bancshares by 4.1% in the second quarter. TCW Group Inc. now owns 20,235 shares of the bank’s stock valued at $267,000 after acquiring an additional 794 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock valued at $757,356 over the last three months. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HBAN. Evercore ISI raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Baird R W downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley raised their price target on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, Piper Sandler lifted their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.26.

Huntington Bancshares Stock Down 1.5 %

Shares of NASDAQ:HBAN opened at $17.54 on Wednesday. The business’s 50 day moving average is $15.51 and its 200 day moving average is $14.39. Huntington Bancshares Incorporated has a 12-month low of $10.73 and a 12-month high of $17.97. The stock has a market cap of $25.48 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 3.53 and a beta of 1.03. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.36 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.53%. Huntington Bancshares’s payout ratio is presently 59.62%.

Huntington Bancshares 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.