Citizens Financial Group Inc. RI Acquires New Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Citizens Financial Group Inc. RI acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,342 shares of the bank's stock, valued at approximately $559,000.

Other hedge funds also recently modified their holdings of the company. Creative Capital Management Investments LLC boosted its position in shares of Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after buying an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after acquiring an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Huntington Bancshares in the 4th quarter worth $37,000. Asset Dedication LLC grew its position in Huntington Bancshares by 70.0% in the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after buying an additional 702 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Price Performance

NASDAQ HBAN traded up $0.15 on Monday, hitting $14.90. The stock had a trading volume of 23,103,655 shares, compared to its average volume of 21,665,816. The firm has a 50-day moving average of $16.37 and a 200-day moving average of $16.13. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44.

Remove Ads

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the business earned $0.27 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Stephens reiterated an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. Piper Sandler cut their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. restated an "overweight" rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.35.

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.