Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Slagle Financial LLC

Slagle Financial LLC raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 75.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,776 shares of the bank’s stock after acquiring an additional 9,803 shares during the quarter. Slagle Financial LLC’s holdings in Huntington Bancshares were worth $290,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Mather Group LLC. boosted its position in Huntington Bancshares by 5.8% during the fourth quarter. Mather Group LLC. now owns 15,391 shares of the bank’s stock worth $196,000 after purchasing an additional 837 shares in the last quarter. Financial Advocates Investment Management grew its stake in Huntington Bancshares by 5.9% in the 4th quarter. Financial Advocates Investment Management now owns 15,325 shares of the bank’s stock valued at $195,000 after acquiring an additional 856 shares during the period. Blue Trust Inc. raised its position in Huntington Bancshares by 12.0% during the fourth quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after acquiring an additional 904 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Huntington Bancshares by 23.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 5,021 shares of the bank’s stock valued at $64,000 after purchasing an additional 949 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its stake in shares of Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after purchasing an additional 963 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In related news, VP Brantley J. Standridge sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the transaction, the vice president now owns 385,409 shares in the company, valued at approximately $5,241,562.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the sale, the chief financial officer now owns 305,884 shares in the company, valued at $4,178,375.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the transaction, the vice president now owns 385,409 shares in the company, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. Insiders sold 157,829 shares of company stock worth $2,148,623 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Up 0.2 %

Shares of Huntington Bancshares stock traded up $0.03 on Friday, reaching $12.37. 27,766,964 shares of the company were exchanged, compared to its average volume of 14,806,422. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $14.30. The stock’s 50 day moving average price is $13.57 and its 200-day moving average price is $13.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $17.93 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the prior year, the company posted $0.38 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 annualized dividend and a yield of 5.01%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Wall Street Analyst Weigh In

Several analysts recently commented on HBAN shares. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Morgan Stanley decreased their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday. Piper Sandler downgraded shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $13.50 to $11.50 in a report on Friday. Stephens restated an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

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.