Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Keybank National Association OH

Keybank National Association OH boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 14.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 115,320 shares of the bank's stock after acquiring an additional 14,643 shares during the quarter. Keybank National Association OH's holdings in Huntington Bancshares were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in Huntington Bancshares during the 1st quarter worth about $29,000. Golden State Wealth Management LLC lifted its position in Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank's stock worth $33,000 after acquiring an additional 1,869 shares during the period. Transce3nd LLC acquired a new stake in Huntington Bancshares during the 4th quarter worth about $48,000. Curat Global LLC acquired a new stake in Huntington Bancshares during the 1st quarter worth about $52,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Huntington Bancshares during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on HBAN. Cowen began coverage on Huntington Bancshares in a research report on Wednesday, May 14th. They set a "buy" rating for the company. Argus set a $17.00 price objective on Huntington Bancshares in a research note on Friday, April 25th. Truist Financial lifted 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. Wall Street Zen upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Morgan Stanley reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 13,700 shares of Huntington Bancshares stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $15.79, for a total value of $216,323.00. Following the sale, the executive vice president directly owned 337,879 shares in the company, valued at approximately $5,335,109.41. The trade was a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 42,345 shares of Huntington Bancshares stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $14.72, for a total value of $623,318.40. Following the completion of the sale, the insider owned 592,119 shares in the company, valued at approximately $8,715,991.68. The trade was a 6.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,375 shares of company stock worth $3,049,277 in the last quarter. 0.89% of the stock is owned by insiders.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.51 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 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. The business has a 50-day moving average price of $15.83 and a 200 day moving average price of $15.67. The firm has a market cap of $25.58 billion, a PE ratio of 13.37, a P/E/G ratio of 1.34 and a beta of 0.93.

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

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.54%. The ex-dividend date was Tuesday, June 17th. Huntington Bancshares's payout ratio is 47.33%.

Huntington Bancshares declared that its Board of Directors has authorized a stock buyback program on Thursday, April 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the bank to purchase up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

About Huntington Bancshares

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.

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