Lbp Am Sa Acquires Shares of 818,596 Huntington Bancshares Incorporated $HBAN

Key Points

• Lbp Am Sa acquired 818,596 shares of Huntington Bancshares, valued at approximately $13.72 million, representing about 0.06% ownership at the end of the last quarter.
• Shares of Huntington Bancshares opened at $17.27 with a 1-year trading range between $11.91 and $18.44, and a current market capitalization of $25.19 billion.
• The company announced a quarterly dividend of $0.155 per share, yielding 3.6%, with a payout ratio of 45.93%.

Lbp Am Sa bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 818,596 shares of the bank's stock, valued at approximately $13,720,000. Lbp Am Sa owned approximately 0.06% of Huntington Bancshares at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Centennial Wealth Advisory LLC grew its position in shares of Huntington Bancshares by 6.0% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 44,286 shares of the bank's stock worth $742,000 after acquiring an additional 2,495 shares in the last quarter. Presper Financial Architects LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $811,000. Raleigh Capital Management Inc. grew its position in shares of Huntington Bancshares by 2.6% in the 2nd quarter. Raleigh Capital Management Inc. now owns 88,725 shares of the bank's stock worth $1,487,000 after acquiring an additional 2,224 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of Huntington Bancshares by 1.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 149,958 shares of the bank's stock worth $2,513,000 after acquiring an additional 1,450 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Huntington Bancshares by 7.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 40,740 shares of the bank's stock worth $683,000 after acquiring an additional 2,731 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Down 0.5%

Shares of Huntington Bancshares stock opened at $17.27 on Wednesday. The business's fifty day moving average price is $17.10 and its two-hundred day moving average price is $15.98. 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 company has a market capitalization of $25.19 billion, a P/E ratio of 12.79, a PEG ratio of 0.84 and a beta of 0.97. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid 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 3.6%. Huntington Bancshares's payout ratio is presently 45.93%.

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HBAN. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. DA Davidson boosted their price objective on Huntington Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Morgan Stanley boosted their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday. Wolfe Research upgraded Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Thursday, July 3rd. Finally, Citigroup boosted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.24.

Huntington Bancshares 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.

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