Callan Family Office LLC Makes New Investment in Huntington Bancshares Incorporated $HBAN

Callan Family Office LLC purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 21,067 shares of the bank’s stock, valued at approximately $353,000.

Other hedge funds also recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Huntington Bancshares during the 2nd quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Huntington Bancshares during the 1st quarter worth about $29,000. Quarry LP boosted its stake in shares of Huntington Bancshares by 73.0% during the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Huntington Bancshares during the 1st quarter worth about $31,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after acquiring an additional 1,869 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 0.8%

Shares of NASDAQ:HBAN opened at $16.21 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The company has a 50 day moving average of $17.10 and a two-hundred day moving average of $16.08. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. The company had revenue of $469.00 million during the quarter. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were given a dividend of $0.155 per share. 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 (DPR) is presently 45.93%.

Analyst Ratings Changes

HBAN has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Thursday, July 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Truist Financial raised their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, DA Davidson raised their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $19.37.

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.