City Center Advisors LLC Makes New $220,000 Investment in Huntington Bancshares Incorporated $HBAN

City Center Advisors LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,100 shares of the bank’s stock, valued at approximately $220,000.

Several other large investors also recently modified their holdings of HBAN. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $29,000. Quarry LP increased its stake 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 stake in shares of Huntington Bancshares during the 1st quarter worth approximately $31,000. Golden State Wealth Management LLC increased its stake 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. Finally, Wayfinding Financial LLC purchased a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HBAN. Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Thursday, July 3rd. Jefferies Financial Group lifted their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Finally, Truist Financial lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.79.

Huntington Bancshares Stock Up 0.2%

HBAN opened at $17.77 on Friday. The company has a fifty day moving average price of $17.00 and a 200-day moving average price of $15.79. The firm has a market capitalization of $25.92 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. 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 one year low of $11.91 and a one year high of $18.44.

Huntington Bancshares Dividend Announcement

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

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is 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.