Rhumbline Advisers Has $46.88 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Rhumbline Advisers lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,881,503 shares of the bank's stock after selling 81,513 shares during the period. Rhumbline Advisers owned about 0.20% of Huntington Bancshares worth $46,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd boosted its position in shares of Huntington Bancshares by 126.8% in the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after buying an additional 1,023 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Huntington Bancshares in the third quarter worth $32,000. Asset Dedication LLC boosted its position in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after buying an additional 1,260 shares during the period. Crews Bank & Trust acquired a new stake in Huntington Bancshares during the fourth quarter valued at $58,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Huntington Bancshares during the fourth quarter valued at $73,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock traded down $0.27 during trading on Friday, reaching $16.15. The company's stock had a trading volume of 32,918,112 shares, compared to its average volume of 19,590,543. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The business's fifty day moving average price is $16.68 and its 200-day moving average price is $15.95. The firm has a market cap of $23.48 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business earned $0.27 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on HBAN. JPMorgan Chase & Co. reissued an "overweight" rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Evercore ISI lifted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. 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. Truist Financial lifted their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report 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 research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.06.

About Huntington Bancshares

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.