Huntington Bancshares Incorporated $HBAN Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.0% in the first quarter, HoldingsChannel.com reports. The firm owned 655,229 shares of the bank’s stock after selling 49,488 shares during the period. Brookstone Capital Management’s holdings in Huntington Bancshares were worth $10,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the third quarter valued at $26,000. South Plains Financial Inc. grew its stake in shares of Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after buying an additional 826 shares in the last quarter. Centennial Bank AR purchased a new stake in shares of Huntington Bancshares in the 4th quarter valued at $28,000. Finally, Accredited Wealth Management LLC raised its holdings in shares of Huntington Bancshares by 374.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after buying an additional 1,322 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 33,500 shares of company stock worth $617,542 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Huntington Bancshares Trading Up 1.1%

NASDAQ:HBAN opened at $17.05 on Tuesday. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The firm has a market cap of $34.56 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $16.41 and a 200 day moving average price of $16.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.21. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter in the prior year, the business earned $0.34 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares’s payout ratio is currently 47.69%.

Analyst Ratings Changes

HBAN has been the subject of a number of research analyst reports. Barclays cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Jefferies Financial Group boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. The Goldman Sachs Group reduced their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. DA Davidson lowered their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Truist Financial dropped their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.05.

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.