Huntington Bancshares Incorporated $HBAN Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 655,229 shares of the bank’s stock after selling 49,488 shares during the period. Brookstone Capital Management’s holdings in Huntington Bancshares were worth $10,254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HBAN. CIBC Asset Management Inc raised its stake 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 purchasing an additional 104,965 shares during the last quarter. Fieldview Capital Management LLC boosted its stake in Huntington Bancshares by 15.9% during the 3rd quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock worth $8,270,000 after purchasing an additional 65,828 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Huntington Bancshares by 688.9% during 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. KBC Group NV grew its holdings in shares of Huntington Bancshares by 16.3% during the fourth quarter. KBC Group NV now owns 2,820,816 shares of the bank’s stock worth $48,941,000 after buying an additional 395,489 shares in the last quarter. Finally, Korea Investment CORP grew its holdings in shares of Huntington Bancshares by 107.2% during the third quarter. Korea Investment CORP now owns 3,933,919 shares of the bank’s stock worth $67,939,000 after buying an additional 2,035,351 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired a total of 33,500 shares of company stock valued at $617,542 in the last quarter. 0.67% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.05 on Tuesday. The company’s 50-day moving average is $16.41 and its two-hundred day moving average is $16.87. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $34.56 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.77 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter last year, the firm earned $0.34 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is 47.69%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several research reports. Barclays downgraded shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Stephens started coverage on shares of Huntington Bancshares in a report on Monday, June 15th. They issued an “equal weight” rating and a $19.00 price objective for the company. DA Davidson decreased their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Evercore restated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research report on Friday, June 12th. Finally, The Goldman Sachs Group cut their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.05.

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.