Dynasty Wealth Management LLC Raises Stock Holdings in Huntington Bancshares Incorporated $HBAN

Dynasty Wealth Management LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,612 shares of the bank’s stock after purchasing an additional 38,367 shares during the period. Dynasty Wealth Management LLC’s holdings in Huntington Bancshares were worth $3,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Palisade Asset Management LLC purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $26,000. South Plains Financial Inc. increased its holdings in shares of Huntington Bancshares by 116.3% in the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after buying an additional 826 shares during the last quarter. Accredited Wealth Management LLC raised its position in shares of Huntington Bancshares by 374.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after buying an additional 1,322 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Huntington Bancshares during the 3rd quarter worth $33,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in shares of Huntington Bancshares by 403.1% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 2,611 shares of the bank’s stock worth $45,000 after acquiring an additional 2,092 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $16.23 on Wednesday. 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 Incorporated has a one year low of $14.89 and a one year high of $19.45. The business’s 50 day simple moving average is $16.06 and its two-hundred day simple moving average is $16.77. The stock has a market capitalization of $32.90 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.73 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.34 earnings per share. Analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 47.69%.

Insider Buying and Selling at Huntington Bancshares

In related news, VP Scott D. Kleinman sold 65,530 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.28, for a total value of $1,001,298.40. Following the sale, the vice president directly owned 481,676 shares of the company’s stock, valued at $7,360,009.28. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James D. Rollins III purchased 8,471 shares of Huntington Bancshares stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of $18.01 per share, for a total transaction of $152,562.71. Following the acquisition, the director owned 11,500 shares in the company, valued at $207,115. This trade represents a 279.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 12,712 shares of company stock worth $246,438. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research analyst reports. DA Davidson reduced their target price on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Barclays lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Morgan Stanley cut their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Evercore decreased their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Finally, Wolfe Research dropped their target price on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.05.

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.