OneAscent Financial Services LLC Purchases New Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN)

OneAscent Financial Services LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,941 shares of the bank’s stock, valued at approximately $244,000.

A number of other institutional investors also recently modified their holdings of the business. Cinctive Capital Management LP acquired a new stake in Huntington Bancshares in the 4th quarter worth about $8,545,000. Meeder Advisory Services Inc. raised its position in shares of Huntington Bancshares by 66.0% in the fourth quarter. Meeder Advisory Services Inc. now owns 37,119 shares of the bank’s stock valued at $604,000 after buying an additional 14,758 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $5,140,000. StoneX Group Inc. bought a new position in Huntington Bancshares during the 4th quarter worth $193,000. Finally, National Bank of Canada FI raised its holdings in Huntington Bancshares by 220.9% in the 4th quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank’s stock valued at $59,661,000 after acquiring an additional 2,524,077 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other news, VP Brendan A. Lawlor sold 3,521 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the transaction, the vice president now directly owns 47,950 shares of the company’s stock, valued at $731,237.50. The trade was a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott D. Kleinman sold 69,088 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares of the company’s stock, valued at $6,647,402.43. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock worth $1,631,151 over the last quarter. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 6.4 %

Shares of NASDAQ:HBAN opened at $12.60 on Friday. The firm has a market cap of $18.41 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.33 and a beta of 0.89. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.45. The business has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $16.13. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period last year, the company earned $0.27 EPS. Analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. Morgan Stanley decreased their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Robert W. Baird raised shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Friday, March 7th. Finally, Citigroup reduced their target price on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.94.

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.