Huntington Bancshares Incorporated $HBAN Shares Acquired by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,286 shares of the bank’s stock after acquiring an additional 2,495 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Huntington Bancshares were worth $742,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Presper Financial Architects LLC acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth about $811,000. Raleigh Capital Management Inc. boosted 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 valued at $1,487,000 after purchasing an additional 2,224 shares during the period. Wolff Wiese Magana LLC boosted 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 valued at $2,513,000 after purchasing an additional 1,450 shares during the period. V Square Quantitative Management LLC boosted 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 valued at $683,000 after purchasing an additional 2,731 shares during the period. Finally, Smith Salley Wealth Management boosted its position in shares of Huntington Bancshares by 3.1% in the 2nd quarter. Smith Salley Wealth Management now owns 175,243 shares of the bank’s stock valued at $2,937,000 after purchasing an additional 5,207 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HBAN. DA Davidson upped their target price on Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. Truist Financial upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Thursday, July 3rd. Finally, Jefferies Financial Group upped their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.05.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 0.4%

Huntington Bancshares stock opened at $17.35 on Tuesday. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The stock has a 50 day moving average of $17.08 and a two-hundred day moving average of $15.97. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $25.31 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.84 and a beta of 0.96.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is 45.93%.

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.