Huntington Bancshares Incorporated $HBAN Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 21,166 shares of the bank’s stock after selling 1,773 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Huntington Bancshares were worth $355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HBAN. Family Legacy Financial Solutions LLC purchased a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Huntington Bancshares during the first quarter worth about $29,000. Quarry LP lifted its position in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Huntington Bancshares during the first quarter worth about $31,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Huntington Bancshares by 516.3% in the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,869 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 2.9%

NASDAQ:HBAN opened at $16.71 on Tuesday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The stock has a market cap of $24.38 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50-day simple moving average of $17.12 and a 200-day simple moving average of $16.05.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 45.93%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HBAN. Citigroup increased their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Truist Financial boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. DA Davidson increased their price target on Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group boosted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average price target of $19.24.

Huntington Bancshares Company 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.