Capital Advisors Inc. OK Invests $708,000 in Huntington Bancshares Incorporated $HBAN

Capital Advisors Inc. OK acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, HoldingsChannel reports. The firm acquired 40,828 shares of the bank’s stock, valued at approximately $708,000.

A number of other large investors have also modified their holdings of HBAN. Sagespring Wealth Partners LLC boosted its stake in Huntington Bancshares by 2.4% during the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after buying an additional 587 shares in the last quarter. Parcion Private Wealth LLC raised its stake in shares of Huntington Bancshares by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock valued at $191,000 after buying an additional 648 shares in the last quarter. Strategic Planning Inc. raised its stake in shares of Huntington Bancshares by 0.3% in the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after buying an additional 670 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after acquiring an additional 694 shares during the period. Finally, Glenmede Investment Management LP lifted its holdings in shares of Huntington Bancshares by 1.7% during the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock worth $755,000 after acquiring an additional 728 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Trading Up 1.5%

Shares of Huntington Bancshares stock opened at $15.88 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.45. The stock has a market capitalization of $32.35 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95. The company has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $16.81. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period in the prior year, the company posted $0.34 earnings per share. Research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th were given a dividend of $0.155 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio is 44.60%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HBAN shares. Evercore assumed coverage on shares of Huntington Bancshares in a research note on Tuesday, February 3rd. They issued an “outperform” rating and a $21.00 target price on the stock. Argus raised their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Wolfe Research dropped their target price on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Stephens raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $20.43.

Insider Activity

In other news, VP Scott D. Kleinman sold 65,530 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the sale, the vice president owned 481,676 shares in the company, valued at approximately $7,360,009.28. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Rollins III bought 1,127 shares of the stock in a transaction dated Monday, March 9th. The stock was acquired at an average price of $25.39 per share, with a total value of $28,614.53. Following the completion of the purchase, the director owned 4,000 shares of the company’s stock, valued at $101,560. This represents a 39.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 27,700 shares of company stock worth $540,401 and sold 108,986 shares worth $1,785,958. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.