Aigen Investment Management LP Acquires Shares of 35,623 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Aigen Investment Management LP purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,623 shares of the bank's stock, valued at approximately $580,000.

A number of other institutional investors also recently modified their holdings of the company. Arvest Bank Trust Division acquired a new stake in Huntington Bancshares in the 3rd quarter valued at approximately $2,381,000. Mediolanum International Funds Ltd acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $422,000. Donoghue Forlines LLC bought a new stake in shares of Huntington Bancshares in the fourth quarter worth $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock worth $12,414,000 after purchasing an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd acquired a new position in Huntington Bancshares during the third quarter worth $3,454,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

HBAN stock traded up $0.01 during mid-day trading on Friday, hitting $15.14. 25,516,420 shares of the company were exchanged, compared to its average volume of 20,992,611. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The business has a 50 day simple moving average of $16.58 and a 200-day simple moving average of $16.09. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $22.01 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Remove Ads

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results 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 period in the prior year, the firm posted $0.27 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.10%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent research reports. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday. Citigroup increased their price target on Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Stephens restated an "equal weight" rating and issued a $18.50 price target on shares of Huntington Bancshares in a research note on Friday, February 7th. Finally, Piper Sandler dropped their price objective on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.24.

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.