Ieq Capital LLC Purchases 36,580 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Ieq Capital LLC raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 57.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 100,215 shares of the bank's stock after acquiring an additional 36,580 shares during the period. Ieq Capital LLC's holdings in Huntington Bancshares were worth $1,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC grew its holdings in shares of Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after buying an additional 1,578 shares during the period. Y.D. More Investments Ltd raised its position in shares of Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after purchasing an additional 1,023 shares during the period. Fortitude Family Office LLC bought a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $32,000. Asset Dedication LLC grew its position in shares of Huntington Bancshares by 70.0% in the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after purchasing an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC increased 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 worth $53,000 after purchasing an additional 702 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HBAN shares. The Goldman Sachs Group raised their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Stephens reissued an "equal weight" rating and issued a $18.50 price target on shares of Huntington Bancshares in a research note on Friday, February 7th. Piper Sandler reduced their price objective 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. Evercore ISI lifted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Citigroup upped their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average target price of $18.06.

Huntington Bancshares Stock Down 1.6 %

Shares of HBAN opened at $16.15 on Monday. The firm has a 50 day simple moving average of $16.68 and a two-hundred day simple 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. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44. The company has a market cap of $23.48 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $0.27 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Huntington Bancshares 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.

Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.