Huntington Bancshares Incorporated $HBAN Shares Bought by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC increased its stake in Huntington Bancshares by 4.3%, acquiring an additional 26,362 shares, now totaling 646,343 shares valued at approximately $9.8 million.
• Huntington Bancshares announced a quarterly dividend of $0.155 per share, which will be paid on October 1st, representing an annual yield of 3.5%.
• Market analysts generally view the stock positively, with a consensus rating of "Moderate Buy" and a price target average of around $18.74.

Curi RMB Capital LLC raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 646,343 shares of the bank's stock after purchasing an additional 26,362 shares during the quarter. Curi RMB Capital LLC's holdings in Huntington Bancshares were worth $9,801,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Huntington Bancshares during the 1st quarter valued at $29,000. Quarry LP increased 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 valued at $29,000 after purchasing an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Huntington Bancshares in the 1st quarter worth approximately $31,000. Golden State Wealth Management LLC boosted its stake in Huntington Bancshares by 516.3% in 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 period. Finally, Wayfinding Financial LLC bought a new position in shares of Huntington Bancshares during the 1st quarter valued at approximately $39,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 0.4%

Shares of HBAN traded up $0.07 during mid-day trading on Wednesday, reaching $17.71. The stock had a trading volume of 11,737,850 shares, compared to its average volume of 25,652,459. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The business's fifty day moving average is $16.99 and its 200 day moving average is $15.76. The firm has a market cap of $25.83 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.86 and a beta of 0.97.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares's payout ratio is 45.93%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Huntington Bancshares from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Cowen assumed coverage on Huntington Bancshares in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Truist Financial raised their price target on Huntington Bancshares from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Raymond James Financial restated a "strong-buy" rating and set a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Finally, Wolfe Research upgraded Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research note on Thursday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.74.

Insider Buying and Selling

In other news, EVP Marcy C. Hingst sold 41,100 shares of the business's 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 transaction, the executive vice president owned 299,361 shares of the company's stock, valued at approximately $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.89% of the stock is currently owned by company insiders.

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.