Good Steward Wealth Advisors LLC Invests $339,000 in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Good Steward Wealth Advisors LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 22,578 shares of the bank's stock, valued at approximately $339,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Huntington Bancshares in the fourth quarter valued at approximately $302,826,000. Raymond James Financial Inc. acquired a new stake in Huntington Bancshares in the fourth quarter valued at approximately $150,444,000. FMR LLC grew its position in Huntington Bancshares by 36.9% in the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank's stock valued at $528,434,000 after acquiring an additional 8,759,871 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Huntington Bancshares by 126.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,048,773 shares of the bank's stock valued at $114,684,000 after purchasing an additional 3,938,769 shares in the last quarter. Finally, Amundi grew its holdings in Huntington Bancshares by 26.7% during the 4th quarter. Amundi now owns 17,435,207 shares of the bank's stock valued at $286,460,000 after purchasing an additional 3,671,235 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

Huntington Bancshares stock traded up $0.11 during mid-day trading on Friday, reaching $15.84. The company's stock had a trading volume of 27,454,187 shares, compared to its average volume of 18,653,303. The firm has a market cap of $23.14 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.20 and a beta of 0.92. The business has a 50 day moving average price of $15.21 and a 200-day moving average price of $15.70. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.98. Huntington Bancshares Incorporated has a twelve month low of $11.92 and a twelve month high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.94% and a return on equity of 11.44%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Tuesday, June 17th. Huntington Bancshares's dividend payout ratio (DPR) is presently 47.33%.

Huntington Bancshares declared that its board has initiated a share repurchase plan on Thursday, April 17th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the bank to purchase up to 5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup lowered their target price on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Morgan Stanley lowered their target price on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Truist Financial raised their price objective on Huntington Bancshares from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Royal Bank Of Canada lowered their price objective on Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, Argus set a $17.00 price objective on Huntington Bancshares in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and an average target price of $18.08.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 13,700 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total transaction of $216,323.00. Following the completion of the transaction, the executive vice president now owns 337,879 shares of the company's stock, valued at approximately $5,335,109.41. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kendall A. Kowalski sold 25,419 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $13.68, for a total transaction of $347,731.92. Following the transaction, the insider now directly owns 70,281 shares of the company's stock, valued at approximately $961,444.08. This trade represents a 26.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 218,617 shares of company stock worth $3,113,982 over the last ninety days. Company insiders own 0.89% of the company's stock.

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.