Capstone Wealth Management LLC Makes New $766,000 Investment in Huntington Bancshares Incorporated $HBAN

Capstone Wealth Management LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 48,945 shares of the bank’s stock, valued at approximately $766,000. Huntington Bancshares comprises approximately 0.5% of Capstone Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors also recently modified their holdings of HBAN. CIBC Asset Management Inc grew its holdings in Huntington Bancshares by 24.5% in the 4th quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock valued at $9,248,000 after buying an additional 104,965 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Huntington Bancshares by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock worth $159,543,000 after buying an additional 314,544 shares during the last quarter. Fieldview Capital Management LLC boosted its holdings in Huntington Bancshares by 15.9% in the 3rd quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after purchasing an additional 65,828 shares during the period. Creative Financial Designs Inc. ADV grew its position in Huntington Bancshares by 688.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock worth $1,500,000 after purchasing an additional 75,516 shares during the last quarter. Finally, KBC Group NV grew its position in Huntington Bancshares by 16.3% in the 4th quarter. KBC Group NV now owns 2,820,816 shares of the bank’s stock worth $48,941,000 after purchasing an additional 395,489 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have bought 33,500 shares of company stock worth $617,542. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the subject of a number of research analyst reports. Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Thursday, April 23rd. Stephens started coverage on Huntington Bancshares in a research report on Monday, June 15th. They set an “equal weight” rating and a $19.00 target price on the stock. Weiss Ratings lowered Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Evercore reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Friday, June 12th. Finally, Barclays lowered shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.05.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $16.86 on Monday. The stock’s fifty day simple moving average is $16.40 and its 200 day simple moving average is $16.87. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The firm has a market cap of $34.18 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company posted $0.34 earnings per share. On average, analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

Huntington Bancshares 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.