Huntington Bancshares Incorporated $HBAN Shares Sold by Well Done LLC

Key Points

• Well Done LLC reduced its holdings in Huntington Bancshares by 25.4% during the second quarter, now owning 55,244 shares valued at approximately $926,000.
• Recent research reports indicate a bullish sentiment as Truist Financial and Citigroup upgraded their target prices on Huntington Bancshares to between $20.00 and $21.00, with several analysts assigning a "buy" rating.
• The company announced a quarterly dividend of $0.155 per share, resulting in an annual yield of 3.6% for investors who were on record before the ex-dividend date.

Well Done LLC cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 25.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,244 shares of the bank's stock after selling 18,762 shares during the quarter. Well Done LLC's holdings in Huntington Bancshares were worth $926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HBAN. Family Legacy Financial Solutions LLC acquired a new position in Huntington Bancshares during the second quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Huntington Bancshares during the first quarter worth about $29,000. Quarry LP raised 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 purchased a new position in Huntington Bancshares in the 1st quarter valued at about $31,000. Finally, Golden State Wealth Management LLC boosted its holdings 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 buying an additional 1,869 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research analyst reports. Truist Financial increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wolfe Research upgraded Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a report on Thursday, July 3rd. DA Davidson lifted their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wall Street Zen lowered shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Finally, Citigroup raised their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $18.89.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.37 on Thursday. The company's 50-day moving average is $17.05 and its two-hundred day moving average is $15.89. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.84 and a beta of 0.97.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio is presently 45.93%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction 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 sale, the executive vice president owned 299,361 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 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.

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