Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 14.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,168 shares of the bank's stock after purchasing an additional 25,754 shares during the quarter. Candriam S.C.A.'s holdings in Huntington Bancshares were worth $3,371,000 at the end of the most recent quarter.

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

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HBAN. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Stephens reissued an "equal weight" rating and issued a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Piper Sandler lowered their price target on 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, Truist Financial raised their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of "Moderate Buy" and an average price target of $18.24.

Huntington Bancshares Trading Up 1.0 %

Shares of Huntington Bancshares stock traded up $0.15 on Wednesday, hitting $14.55. 24,301,658 shares of the company traded hands, compared to its average volume of 21,504,756. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The stock's 50 day moving average price is $16.48 and its 200-day moving average price 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 (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, 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 quarter in the prior year, the firm posted $0.27 EPS. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.26%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.

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.