San Luis Wealth Advisors LLC Makes New Investment in Huntington Bancshares Incorporated $HBAN

San Luis Wealth Advisors LLC acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, Holdings Channel reports. The fund acquired 43,848 shares of the bank’s stock, valued at approximately $735,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC raised its holdings in shares of Huntington Bancshares by 7.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank’s stock valued at $195,000 after purchasing an additional 856 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Huntington Bancshares by 89.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 376,733 shares of the bank’s stock worth $6,129,000 after buying an additional 177,356 shares during the period. First Hawaiian Bank raised its holdings in Huntington Bancshares by 42.3% during the first quarter. First Hawaiian Bank now owns 47,324 shares of the bank’s stock worth $710,000 after purchasing an additional 14,062 shares in the last quarter. Versant Capital Management Inc grew its position in Huntington Bancshares by 410.9% in the 1st quarter. Versant Capital Management Inc now owns 5,492 shares of the bank’s stock valued at $82,000 after buying an additional 4,417 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Huntington Bancshares by 1,497.1% in the 1st quarter. GAMMA Investing LLC now owns 633,362 shares of the bank’s stock valued at $95,070,000 after purchasing an additional 593,706 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the firm’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 transaction, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Up 0.6%

Shares of Huntington Bancshares stock opened at $17.42 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The company has a market capitalization of $25.41 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.84 and a beta of 0.97. The company has a 50 day moving average of $17.07 and a 200 day moving average of $15.94.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be issued a $0.155 dividend. 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 dividend payout ratio is presently 45.93%.

Analyst Ratings Changes

HBAN has been the topic of a number of research analyst reports. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Thursday, July 3rd. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Citigroup raised their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Raymond James Financial reiterated 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, DA Davidson increased their target price on Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 21st. 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 stock. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $18.89.

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.