Lynx Investment Advisory Acquires 1,226 Shares of Huntington Bancshares Incorporated $HBAN

Lynx Investment Advisory raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 34,600 shares of the bank’s stock after buying an additional 1,226 shares during the quarter. Lynx Investment Advisory’s holdings in Huntington Bancshares were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Foundations Investment Advisors LLC lifted its position in Huntington Bancshares by 2.4% during the first quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock valued at $436,000 after purchasing an additional 691 shares during the last quarter. Winch Advisory Services LLC raised its stake in shares of Huntington Bancshares by 18.3% in the first quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock valued at $69,000 after acquiring an additional 709 shares during the period. Quarry LP raised its stake in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after acquiring an additional 814 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Huntington Bancshares by 5.5% in the first quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank’s stock valued at $241,000 after acquiring an additional 844 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Huntington Bancshares by 4.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,835 shares of the bank’s stock valued at $328,000 after acquiring an additional 847 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.5%

HBAN stock opened at $17.74 on Friday. The company has a market capitalization of $25.88 billion, a PE ratio of 13.14, a P/E/G ratio of 0.85 and a beta of 0.97. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The firm’s 50-day moving average is $17.00 and its 200 day moving average is $15.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. DA Davidson increased their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Thursday, July 3rd. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. Finally, Citigroup increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.74.

Huntington Bancshares Company 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.