OneAscent Financial Services LLC Raises Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

OneAscent Financial Services LLC raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 112.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,786 shares of the bank's stock after acquiring an additional 16,845 shares during the period. OneAscent Financial Services LLC's holdings in Huntington Bancshares were worth $476,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. CreativeOne Wealth LLC increased its position in shares of Huntington Bancshares by 4.0% during the 4th quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock valued at $326,000 after purchasing an additional 762 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Huntington Bancshares by 5.5% during the 1st quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank's stock valued at $241,000 after purchasing an additional 844 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of Huntington Bancshares by 7.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank's stock valued at $195,000 after purchasing an additional 856 shares during the last quarter. Keudell Morrison Wealth Management increased its position in shares of Huntington Bancshares by 5.2% during the 1st quarter. Keudell Morrison Wealth Management now owns 17,509 shares of the bank's stock valued at $263,000 after purchasing an additional 858 shares during the last quarter. Finally, Smith Salley Wealth Management increased its position in shares of Huntington Bancshares by 0.5% during the 1st quarter. Smith Salley Wealth Management now owns 170,036 shares of the bank's stock valued at $2,552,000 after purchasing an additional 909 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 42,345 shares of Huntington Bancshares stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $14.72, for a total transaction of $623,318.40. Following the completion of the sale, the insider directly owned 592,119 shares of the company's stock, valued at $8,715,991.68. The trade was a 6.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 59,060 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $14.36, for a total value of $848,101.60. Following the completion of the transaction, the chief financial officer directly owned 277,348 shares of the company's stock, valued at approximately $3,982,717.28. The trade was a 17.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,105 shares of company stock valued at $1,687,743 in the last ninety days. Corporate insiders own 0.89% of the company's stock.

Huntington Bancshares Price Performance

NASDAQ HBAN traded down $0.11 during trading on Thursday, hitting $16.72. 28,256,195 shares of the stock traded hands, compared to its average volume of 24,993,939. The company has a market capitalization of $24.42 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.87 and a beta of 0.93. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm has a 50-day simple moving average of $16.31 and a 200-day simple moving average of $15.73. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44.

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

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio (DPR) is presently 45.93%.

Analysts Set New Price Targets

HBAN has been the subject of several research analyst reports. Raymond James Financial reaffirmed a "strong-buy" rating and set a $21.00 target price (up from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their price objective on Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Truist Financial lifted their price objective on Huntington Bancshares from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Royal Bank Of Canada decreased their price objective on Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Finally, Argus set a $17.00 price objective on Huntington Bancshares in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.68.

Huntington Bancshares Company 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.