Lindbrook Capital LLC Increases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Lindbrook Capital LLC grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 43.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,530 shares of the bank’s stock after acquiring an additional 1,371 shares during the quarter. Lindbrook Capital LLC’s holdings in Huntington Bancshares were worth $58,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new position in shares of Huntington Bancshares in the 4th quarter valued at $29,000. Planned Solutions Inc. purchased a new position in shares of Huntington Bancshares in the 4th quarter valued at $33,000. Authentikos Wealth Advisory LLC purchased a new position in Huntington Bancshares during the 3rd quarter worth $35,000. Baker Avenue Asset Management LP grew its stake in Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after buying an additional 963 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Huntington Bancshares by 184.0% during the 4th quarter. Allworth Financial LP now owns 4,007 shares of the bank’s stock worth $51,000 after buying an additional 2,596 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the transaction, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,948 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total transaction of $214,819.56. Following the completion of the transaction, the insider now owns 21,102 shares of the company’s stock, valued at $284,243.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,189 shares of company stock worth $2,664,978. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Down 1.3 %

Shares of HBAN opened at $13.58 on Friday. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $14.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.53 and a beta of 1.11. The stock’s 50-day moving average price is $13.35 and its 200-day moving average price is $12.23.

Huntington Bancshares (NASDAQ:HBAN) last issued 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. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.57%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HBAN shares. UBS Group upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $15.00 in a research note on Wednesday, February 14th. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. Citigroup boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Royal Bank of Canada lifted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group raised Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.17.

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.