GAMMA Investing LLC Acquires 1,139 Shares of Huntington Bancshares Incorporated $HBAN

GAMMA Investing LLC raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 43,335 shares of the bank’s stock after acquiring an additional 1,139 shares during the period. GAMMA Investing LLC’s holdings in Huntington Bancshares were worth $726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Park Avenue Securities LLC bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at $976,000. Sowell Financial Services LLC raised its position in shares of Huntington Bancshares by 29.0% during the 2nd quarter. Sowell Financial Services LLC now owns 57,704 shares of the bank’s stock valued at $967,000 after acquiring an additional 12,962 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Huntington Bancshares by 2.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 29,032 shares of the bank’s stock valued at $487,000 after acquiring an additional 731 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Huntington Bancshares by 6.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 309,501 shares of the bank’s stock valued at $5,187,000 after acquiring an additional 18,686 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at $25,000. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HBAN. Jefferies Financial Group boosted their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 target price (up from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Thursday, July 3rd. Citigroup lifted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.89.

Huntington Bancshares Price Performance

HBAN stock opened at $17.37 on Thursday. The stock has a 50-day moving average price of $17.05 and a two-hundred day moving average price of $15.89. The stock has a market cap of $25.34 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44.

Huntington Bancshares Dividend Announcement

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

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated 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 owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.89% of the company’s stock.

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.