Mount Yale Investment Advisors LLC Has $482,000 Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mount Yale Investment Advisors LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 102.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,558 shares of the bank’s stock after purchasing an additional 17,490 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Huntington Bancshares were worth $482,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new stake in Huntington Bancshares in the 4th quarter valued at about $29,000. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares in the 1st quarter valued at about $29,000. Nemes Rush Group LLC boosted its holdings in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $30,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $40,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HBAN. Bank of America upped their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Piper Sandler upped their price target on shares of Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Argus upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Citigroup upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Morgan Stanley increased their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $15.47.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 7,278 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the sale, the insider now directly owns 648,904 shares in the company, valued at $8,851,050.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Rajeev Syal sold 11,627 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $13.67, for a total transaction of $158,941.09. Following the completion of the transaction, the vice president now owns 329,607 shares of the company’s stock, valued at $4,505,727.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Helga Houston sold 7,278 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the transaction, the insider now directly owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The disclosure for this sale can be found here. Insiders sold 130,900 shares of company stock valued at $1,932,719 over the last quarter. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 0.7 %

Shares of HBAN stock traded down $0.11 during trading hours on Monday, hitting $15.02. 13,792,454 shares of the company’s stock traded hands, compared to its average volume of 17,508,447. The stock’s 50 day simple moving average is $13.45 and its 200 day simple moving average is $13.31. The stock has a market cap of $21.77 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 3.09 and a beta of 1.06. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $15.24. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $0.35 earnings per share. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

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.