Inceptionr LLC decreased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 64.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,482 shares of the bank's stock after selling 56,919 shares during the period. Inceptionr LLC's holdings in Huntington Bancshares were worth $512,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Arvest Bank Trust Division purchased a new position in shares of Huntington Bancshares in the 3rd quarter worth about $2,381,000. Mediolanum International Funds Ltd purchased a new position in Huntington Bancshares in the fourth quarter valued at approximately $422,000. Donoghue Forlines LLC acquired a new position in Huntington Bancshares during the fourth quarter valued at approximately $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Huntington Bancshares by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock valued at $12,414,000 after buying an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd purchased a new stake in Huntington Bancshares during the third quarter worth approximately $3,454,000. 80.72% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on HBAN shares. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Citigroup upped their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Stephens reiterated an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Barclays upped their price target on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average price target of $18.24.
Check Out Our Latest Analysis on Huntington Bancshares
Huntington Bancshares Stock Performance
NASDAQ HBAN traded up $0.15 during trading hours on Wednesday, reaching $14.55. The company's stock had a trading volume of 24,258,474 shares, compared to its average volume of 21,473,863. The stock 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. The business has a 50-day simple moving average of $16.48 and a 200 day simple moving average of $16.13. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. 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 (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (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 quarter last year, the company posted $0.27 earnings per share. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.26%. Huntington Bancshares's dividend payout ratio is currently 50.41%.
About Huntington Bancshares
(
Free Report)
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.
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