REAP Financial Group LLC Has $47,000 Stock Position in Huntington Bancshares Incorporated $HBAN

REAP Financial Group LLC boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 66.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,800 shares of the bank’s stock after purchasing an additional 1,119 shares during the period. REAP Financial Group LLC’s holdings in Huntington Bancshares were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Shell Asset Management Co. lifted its position in shares of Huntington Bancshares by 58.7% in the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock worth $3,362,000 after buying an additional 74,220 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of Huntington Bancshares by 14.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 23,652 shares of the bank’s stock worth $396,000 after buying an additional 3,019 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of Huntington Bancshares by 4.6% in the second quarter. KLP Kapitalforvaltning AS now owns 512,500 shares of the bank’s stock worth $8,657,000 after buying an additional 22,600 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Huntington Bancshares by 43.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 34,500 shares of the bank’s stock worth $578,000 after buying an additional 10,500 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Huntington Bancshares by 2.7% in the second quarter. DAVENPORT & Co LLC now owns 213,397 shares of the bank’s stock worth $3,577,000 after buying an additional 5,513 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 2.5%

Huntington Bancshares stock opened at $16.34 on Thursday. The business has a 50 day moving average price of $17.11 and a two-hundred day moving average price of $16.05. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market cap of $23.84 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were issued a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.8%. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HBAN. DA Davidson boosted their price target on Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. Raymond James Financial reiterated a “strong-buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Jefferies Financial Group lifted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.24.

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.