Carlson Capital L.P. Has $1.95 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Carlson Capital L.P. boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 178.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 112,300 shares of the bank’s stock after buying an additional 71,900 shares during the period. Huntington Bancshares makes up approximately 0.7% of Carlson Capital L.P.’s investment portfolio, making the stock its 9th biggest position. Carlson Capital L.P.’s holdings in Huntington Bancshares were worth $1,948,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new stake in Huntington Bancshares during the third quarter valued at $26,000. South Plains Financial Inc. boosted its stake in Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after buying an additional 826 shares during the period. Accredited Wealth Management LLC boosted its stake in Huntington Bancshares by 374.5% during the third 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 during the period. Grey Fox Wealth Advisors LLC bought a new stake in Huntington Bancshares during the third quarter valued at $31,000. Finally, AlphaCore Capital LLC bought a new stake in Huntington Bancshares during the third quarter valued at $33,000. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 65,530 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the transaction, the vice president owned 481,676 shares in the company, valued at approximately $7,360,009.28. This represents a 11.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brendan A. Lawlor sold 17,455 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $18.93, for a total value of $330,423.15. Following the transaction, the vice president owned 42,398 shares in the company, valued at $802,594.14. This trade represents a 29.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 39,200 shares of company stock worth $756,724 and have sold 93,156 shares worth $1,489,372. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Down 0.4%

Shares of NASDAQ:HBAN opened at $16.12 on Friday. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a market cap of $32.68 billion, a PE ratio of 12.40, a P/E/G ratio of 0.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The stock’s 50-day moving average is $16.17 and its 200 day moving average is $16.75.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the business earned $0.34 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HBAN shares. The Goldman Sachs Group lowered their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research report on Thursday, April 23rd. Truist Financial lowered their price target on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, DA Davidson lowered their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.