Bell Bank Buys 55,163 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bell Bank boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 558,470 shares of the bank's stock after buying an additional 55,163 shares during the period. Huntington Bancshares makes up approximately 0.7% of Bell Bank's holdings, making the stock its 23rd biggest holding. Bell Bank's holdings in Huntington Bancshares were worth $9,086,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its holdings in Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after purchasing an additional 702 shares during the last quarter. Lantz Financial LLC grew its holdings in shares of Huntington Bancshares by 6.1% in 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 in the last quarter. Dillon & Associates Inc. increased its position 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 valued at $215,000 after acquiring an additional 795 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in Huntington Bancshares by 7.2% in the fourth 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 last quarter. Finally, Integrated Wealth Concepts LLC grew its position in shares of Huntington Bancshares by 1.3% in 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 during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Up 0.2 %

Shares of NASDAQ:HBAN traded up $0.03 during trading on Monday, reaching $16.18. 10,305,073 shares of the stock were exchanged, compared to its average volume of 19,311,367. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The stock has a fifty day moving average of $16.68 and a two-hundred day moving average of $15.98. 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 firm has a market cap of $23.53 billion, a price-to-earnings ratio of 13.15, 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, 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 business posted $0.27 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.83%. Huntington Bancshares's dividend payout ratio is currently 50.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HBAN shares. Evercore ISI lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Stephens reaffirmed an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Truist Financial boosted their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Barclays lifted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.