Kestra Advisory Services LLC raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 715,431 shares of the bank’s stock after purchasing an additional 47,314 shares during the period. Kestra Advisory Services LLC’s holdings in Huntington Bancshares were worth $11,196,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. acquired a new position in Huntington Bancshares during the 4th quarter valued at about $25,000. Palisade Asset Management LLC purchased a new stake in shares of Huntington Bancshares in the third quarter worth approximately $26,000. Centennial Bank AR bought a new position in shares of Huntington Bancshares in the fourth quarter valued at approximately $28,000. DV Equities LLC bought a new position in shares of Huntington Bancshares in the fourth quarter valued at approximately $38,000. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of Huntington Bancshares by 403.1% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 2,611 shares of the bank’s stock valued at $45,000 after buying an additional 2,092 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.
Huntington Bancshares Price Performance
NASDAQ:HBAN opened at $17.87 on Monday. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The stock has a fifty day moving average of $16.73 and a 200 day moving average of $16.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $36.22 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 0.93.
Huntington Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 47.69%.
Insider Buying and Selling at Huntington Bancshares
In other news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 33,500 shares of company stock valued at $617,542 over the last three months. 0.67% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on HBAN shares. Jefferies Financial Group lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating and reduced their target price for the stock from $21.00 to $19.00 in a research note on Monday, July 6th. Evercore reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, July 6th. Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Barclays lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.
View Our Latest Analysis on Huntington Bancshares
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
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