Bank Julius Baer & Co. Ltd Zurich Purchases 233,700 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,605,315 shares of the bank's stock after purchasing an additional 233,700 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.32% of Huntington Bancshares worth $79,761,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in Huntington Bancshares by 27.2% during 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 last quarter. Lantz Financial LLC lifted its stake in Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock valued at $224,000 after acquiring an additional 790 shares during the period. Dillon & Associates Inc. grew its stake in shares of Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock worth $215,000 after acquiring an additional 795 shares during the period. McGlone Suttner Wealth Management Inc. raised its holdings in shares of Huntington Bancshares by 7.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank's stock valued at $191,000 after purchasing an additional 795 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in Huntington Bancshares by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock valued at $917,000 after purchasing an additional 800 shares during the period. 80.72% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Piper Sandler reduced their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.24.

Huntington Bancshares Price Performance

NASDAQ HBAN traded up $0.15 during trading on Wednesday, hitting $14.55. 24,302,173 shares of the stock traded hands, compared to its average volume of 21,568,496. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.44. The firm has a 50-day simple moving average of $16.48 and a 200-day simple moving average of $16.13. The company has a market capitalization of $21.15 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping 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 EPS. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared 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. 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 is currently 50.41%.

About Huntington Bancshares

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.