Brookstone Capital Management Acquires 9,611 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Brookstone Capital Management boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 694,290 shares of the bank’s stock after purchasing an additional 9,611 shares during the quarter. Brookstone Capital Management’s holdings in Huntington Bancshares were worth $11,296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HBAN. Acadian Asset Management LLC raised its holdings in Huntington Bancshares by 19.4% in the second quarter. Acadian Asset Management LLC now owns 32,391 shares of the bank’s stock worth $426,000 after purchasing an additional 5,262 shares in the last quarter. Choreo LLC bought a new position in Huntington Bancshares in the second quarter worth $428,000. American Century Companies Inc. raised its holdings in Huntington Bancshares by 15.9% in the second quarter. American Century Companies Inc. now owns 1,508,509 shares of the bank’s stock worth $19,882,000 after purchasing an additional 207,328 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Huntington Bancshares by 43.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 839,162 shares of the bank’s stock worth $10,667,000 after purchasing an additional 252,916 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock worth $208,346,000 after purchasing an additional 561,565 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HBAN shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Barclays increased their target price on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Evercore ISI increased their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Truist Financial began coverage on Huntington Bancshares in a research report on Tuesday, January 7th. They set a “buy” rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.76.

Insider Transactions at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock valued at $757,356 over the last quarter. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Up 1.2 %

HBAN stock opened at $16.22 on Tuesday. Huntington Bancshares Incorporated has a fifty-two week low of $12.02 and a fifty-two week high of $18.44. The business’s 50-day moving average is $17.07 and its two-hundred day moving average is $15.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $23.56 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 3.42 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 59.62%.

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.