Sentinel Trust Co. LBA lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 571,253 shares of the bank’s stock after selling 33,792 shares during the period. Huntington Bancshares accounts for 0.9% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 19th largest position. Sentinel Trust Co. LBA’s holdings in Huntington Bancshares were worth $8,940,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth $25,000. Palisade Asset Management LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter worth $26,000. Centennial Bank AR acquired a new position in shares of Huntington Bancshares during the 4th quarter valued at about $28,000. DV Equities LLC acquired a new position in shares of Huntington Bancshares during the 4th quarter valued at about $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Huntington Bancshares by 80.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock valued at $35,000 after purchasing an additional 994 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Bancshares Price Performance
Huntington Bancshares stock opened at $18.25 on Monday. The company’s 50 day simple moving average is $16.90 and its 200-day simple moving average is $16.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a market capitalization of $37.00 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.93.
Huntington Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.
Insiders Place Their Bets
In related news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the transaction, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. This trade represents a 26.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders bought 33,500 shares of company stock valued at $617,542 over the last ninety days. Insiders own 0.67% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HBAN. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Barclays cut shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research report on Thursday, April 23rd. Finally, Stephens assumed coverage on Huntington Bancshares in a report on Monday, June 15th. They issued an “equal weight” rating and a $19.00 price objective on the stock. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.25.
View Our Latest Report on HBAN
About Huntington Bancshares
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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