Belpointe Asset Management LLC Has $215,000 Stock Holdings in Huntington Bancshares Incorporated $HBAN

Belpointe Asset Management LLC increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,294 shares of the bank’s stock after buying an additional 2,136 shares during the period. Belpointe Asset Management LLC’s holdings in Huntington Bancshares were worth $215,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new position in Huntington Bancshares in the 1st quarter valued at about $29,000. Quarry LP lifted its position in Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after acquiring an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in Huntington Bancshares in the 1st quarter valued at about $31,000. Golden State Wealth Management LLC lifted its position in Huntington Bancshares by 516.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Huntington Bancshares in the 1st quarter valued at about $39,000. Institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HBAN. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Truist Financial raised their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday. Wall Street Zen cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. Citigroup lifted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Two equities 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 issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.79.

Huntington Bancshares Stock Down 0.8%

Huntington Bancshares stock opened at $17.63 on Tuesday. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 0.96. 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 firm has a 50 day simple moving average of $17.00 and a 200 day simple moving average of $15.80.

Huntington Bancshares Dividend Announcement

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

Huntington Bancshares 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.