Brookstone Capital Management Has $12.32 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Brookstone Capital Management increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 734,963 shares of the bank’s stock after acquiring an additional 18,061 shares during the quarter. Brookstone Capital Management’s holdings in Huntington Bancshares were worth $12,318,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Family Legacy Financial Solutions LLC acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Huntington Bancshares during the 1st quarter worth about $29,000. Quarry LP lifted its position in shares of Huntington Bancshares by 73.0% during the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Huntington Bancshares during the 1st quarter worth about $31,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after purchasing an additional 1,869 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Wednesday, October 8th. Evercore ISI assumed coverage on Huntington Bancshares in a research note on Tuesday. They issued an “outperform” rating and a $18.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Morgan Stanley lifted their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, TD Cowen lifted their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $19.76.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 0.4%

Shares of HBAN opened at $15.87 on Thursday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock has a 50 day simple moving average of $17.05 and a 200-day simple moving average of $16.13. The stock has a market cap of $23.15 billion, a PE ratio of 11.10, a PEG ratio of 0.75 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $469.00 million during the quarter. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

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.