OneAscent Financial Services LLC Takes $244,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

OneAscent Financial Services LLC acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,941 shares of the bank’s stock, valued at approximately $244,000.

Several other large investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in shares of Huntington Bancshares by 11.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 129,285 shares of the bank’s stock valued at $1,900,000 after purchasing an additional 13,193 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Huntington Bancshares by 1,840.2% in the third quarter. Benjamin Edwards Inc. now owns 67,693 shares of the bank’s stock valued at $995,000 after buying an additional 64,204 shares during the period. Hilltop Holdings Inc. boosted its stake in Huntington Bancshares by 4.3% in the third quarter. Hilltop Holdings Inc. now owns 39,257 shares of the bank’s stock valued at $577,000 after acquiring an additional 1,619 shares during the last quarter. Investment Management Corp of Ontario grew its holdings in Huntington Bancshares by 48.0% during the 3rd quarter. Investment Management Corp of Ontario now owns 48,110 shares of the bank’s stock worth $707,000 after acquiring an additional 15,600 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of Huntington Bancshares by 1.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock valued at $917,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 3,521 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the sale, the vice president now owns 47,950 shares of the company’s stock, valued at $731,237.50. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares in the company, valued at approximately $4,825,036.44. This represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,781 shares of company stock valued at $1,631,151 in the last quarter. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HBAN shares. JPMorgan Chase & Co. dropped their price objective on Huntington Bancshares from $18.50 to $16.00 and set an “overweight” rating for the company in a report on Thursday. Robert W. Baird upgraded shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Friday, March 7th. Stephens restated an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. Baird R W upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, Truist Financial boosted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.94.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $12.60 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.45. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The business has a 50-day moving average of $15.79 and a 200-day moving average of $16.13.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the business posted $0.27 EPS. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

About Huntington Bancshares

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.