Andra AP fonden Buys 30,900 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Andra AP fonden lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 515,100 shares of the bank's stock after acquiring an additional 30,900 shares during the quarter. Andra AP fonden's holdings in Huntington Bancshares were worth $8,381,000 at the end of the most recent reporting period.

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

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Huntington Bancshares Stock Up 1.0 %

HBAN traded up $0.15 on Wednesday, hitting $14.55. 24,302,173 shares of the company were exchanged, compared to its average volume of 21,568,496. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The stock's fifty day moving average is $16.48 and its 200-day moving average is $16.13. The company has a market cap of $21.15 billion, a PE ratio of 11.83, a PEG ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44.

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

Huntington Bancshares Announces Dividend

The company also recently announced 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 yield of 4.26%. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.41%.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Citigroup increased their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Baird R W upgraded shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.