Fortress Financial Solutions LLC Invests $291,000 in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fortress Financial Solutions LLC bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,895 shares of the bank's stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HBAN. Lantz Financial LLC increased its stake in shares of Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock valued at $224,000 after purchasing an additional 790 shares during the period. Dillon & Associates Inc. grew its holdings in Huntington Bancshares by 5.9% in the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock worth $215,000 after buying an additional 795 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased its position in Huntington Bancshares by 7.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank's stock valued at $191,000 after acquiring an additional 795 shares during the period. Integrated Wealth Concepts LLC raised its stake in Huntington Bancshares by 1.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock valued at $917,000 after acquiring an additional 800 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its position in Huntington Bancshares by 2.8% during the 4th quarter. Strategic Blueprint LLC now owns 29,140 shares of the bank's stock worth $474,000 after acquiring an additional 804 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 0.7 %

Huntington Bancshares stock traded up $0.12 during mid-day trading on Friday, hitting $16.73. The company's stock had a trading volume of 15,881,723 shares, compared to its average volume of 19,882,658. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $24.31 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The firm's 50 day moving average is $16.75 and its 200 day moving average is $15.87. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates 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 company earned $0.27 EPS. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Announces Dividend

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 paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HBAN shares. The Goldman Sachs Group raised their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. restated an "overweight" rating and set a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Stephens reiterated an "equal weight" rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. Truist Financial upped their target price on Huntington Bancshares from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Finally, Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and an average price target of $18.06.

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.