Strategic Financial Concepts LLC Makes New Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Strategic Financial Concepts LLC acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,035 shares of the bank's stock, valued at approximately $359,000.

Several other large investors also recently added to or reduced their stakes in HBAN. Arvest Bank Trust Division bought a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $2,381,000. Mediolanum International Funds Ltd bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at about $422,000. Donoghue Forlines LLC bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at about $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Huntington Bancshares by 5.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock valued at $12,414,000 after purchasing an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd bought a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $3,454,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on HBAN. StockNews.com upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. DA Davidson boosted their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Finally, Citigroup boosted their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.06.

Huntington Bancshares Stock Performance

Shares of HBAN stock traded up $0.12 during trading hours 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 50 day moving average of $16.75 and a 200 day moving average of $15.88. The stock 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 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 Incorporated has a 12-month low of $12.05 and a 12-month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS 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 prior year, the company posted $0.27 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS 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. Investors of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

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.