Kestra Private Wealth Services LLC Has $2.87 Million Holdings in Huntington Bancshares Incorporated $HBAN

Kestra Private Wealth Services LLC grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 29.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,562 shares of the bank’s stock after purchasing an additional 42,137 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Huntington Bancshares were worth $2,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Huntington Bancshares by 5.0% in the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after buying an additional 1,366 shares during the last quarter. Woodline Partners LP lifted its holdings in Huntington Bancshares by 40.8% in the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after purchasing an additional 35,574 shares during the last quarter. Brown Advisory Inc. boosted its position in Huntington Bancshares by 8.3% during the second quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock worth $662,000 after purchasing an additional 3,023 shares during the period. Daiwa Securities Group Inc. grew its holdings in Huntington Bancshares by 6.2% during the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock valued at $3,674,000 after purchasing an additional 12,865 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Huntington Bancshares by 6.2% in the second quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock valued at $11,859,000 after purchasing an additional 41,156 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HBAN has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Barclays cut shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Stephens initiated coverage on Huntington Bancshares in a research report on Monday, June 15th. They set an “equal weight” rating and a $19.00 price objective for the company. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price for the company in a research note on Thursday, April 23rd. Finally, Morgan Stanley dropped their price target on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $20.05.

Insider Transactions at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the business’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 sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have acquired 33,500 shares of company stock valued at $617,542. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $17.79 on Friday. The stock’s 50 day simple moving average is $16.50 and its 200-day simple moving average is $16.89. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The stock has a market cap of $36.06 billion, a PE ratio of 13.68, a P/E/G ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.16 by $0.21. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same period last year, the business earned $0.34 earnings per share. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.62 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. Huntington Bancshares’s payout ratio is presently 47.69%.

About Huntington Bancshares

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.