40,828 Shares in Huntington Bancshares Incorporated $HBAN Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,828 shares of the bank’s stock, valued at approximately $708,000.

Several other institutional investors also recently bought and sold shares of the stock. Junto Capital Management LP acquired a new stake in shares of Huntington Bancshares in the third quarter worth about $85,690,000. Victory Capital Management Inc. increased its holdings in shares of Huntington Bancshares by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock valued at $594,054,000 after acquiring an additional 4,640,302 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Huntington Bancshares by 48.0% in the 3rd quarter. Squarepoint Ops LLC now owns 9,676,829 shares of the bank’s stock valued at $167,119,000 after acquiring an additional 3,138,669 shares in the last quarter. Millennium Management LLC raised its stake in shares of Huntington Bancshares by 85.7% in the 3rd quarter. Millennium Management LLC now owns 6,790,019 shares of the bank’s stock valued at $117,264,000 after acquiring an additional 3,133,208 shares in the last quarter. Finally, Boston Partners lifted its holdings in Huntington Bancshares by 3.9% in the 3rd quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock worth $1,091,615,000 after purchasing an additional 2,363,905 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

HBAN opened at $15.88 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $16.82 and its two-hundred day moving average price is $16.81. The firm has a market capitalization of $32.35 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same period in the prior year, the company posted $0.34 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were issued a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio is 44.60%.

Insider Buying and Selling

In related news, VP Brendan A. Lawlor sold 17,455 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total value of $330,423.15. Following the completion of the sale, the vice president owned 42,398 shares in the company, valued at approximately $802,594.14. This trade represents a 29.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Prashant Nateri sold 10,171 shares of Huntington Bancshares stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the sale, the insider directly owned 83,819 shares in the company, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 27,700 shares of company stock worth $540,401 and sold 108,986 shares worth $1,785,958. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Piper Sandler boosted their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, January 22nd. Wolfe Research decreased their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Truist Financial lowered their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.43.

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.