NorthRock Partners LLC Buys 3,704 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

NorthRock Partners LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 26.5% during the first quarter, HoldingsChannel reports. The firm owned 17,674 shares of the bank’s stock after acquiring an additional 3,704 shares during the period. NorthRock Partners LLC’s holdings in Huntington Bancshares were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in Huntington Bancshares by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock valued at $2,192,000 after acquiring an additional 780 shares during the period. Park Avenue Securities LLC raised its holdings in Huntington Bancshares by 1.3% during the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after acquiring an additional 794 shares during the period. Arkadios Wealth Advisors raised its holdings in Huntington Bancshares by 4.7% during the 1st quarter. Arkadios Wealth Advisors now owns 17,930 shares of the bank’s stock valued at $250,000 after acquiring an additional 811 shares during the period. Mather Group LLC. raised its holdings in Huntington Bancshares by 5.8% during the 4th quarter. Mather Group LLC. now owns 15,391 shares of the bank’s stock valued at $196,000 after acquiring an additional 837 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in Huntington Bancshares by 5.9% during the 4th quarter. Financial Advocates Investment Management now owns 15,325 shares of the bank’s stock valued at $195,000 after acquiring an additional 856 shares during the period. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 7,278 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the transaction, the insider now owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,711 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $13.84, for a total transaction of $217,440.24. Following the completion of the transaction, the insider now owns 65,195 shares of the company’s stock, valued at $902,298.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Helga Houston sold 7,278 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the sale, the insider now owns 648,904 shares in the company, valued at approximately $8,851,050.56. The disclosure for this sale can be found here. Insiders sold a total of 157,829 shares of company stock valued at $2,148,623 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 1.4 %

HBAN stock traded up $0.19 during trading on Monday, reaching $13.73. The company had a trading volume of 15,560,897 shares, compared to its average volume of 17,294,852. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $14.30. The company has a market cap of $19.90 billion, a P/E ratio of 12.37, a PEG ratio of 5.37 and a beta of 1.06. The business has a 50 day moving average of $13.32 and a 200 day moving average of $13.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.17 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Monday, June 17th. Huntington Bancshares’s payout ratio is currently 55.86%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Morgan Stanley cut their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Evercore ISI cut their price target on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Piper Sandler lowered shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and cut their price target for the company from $13.50 to $11.50 in a research report on Friday, June 14th. Finally, Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $14.93.

Huntington Bancshares Company 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.