Values First Advisors Inc. Buys Shares of 22,482 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Values First Advisors Inc. purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,482 shares of the bank's stock, valued at approximately $366,000.

Other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC boosted its holdings in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after acquiring an additional 1,202 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in 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 acquiring an additional 1,023 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Huntington Bancshares in the third quarter worth about $32,000. Crews Bank & Trust acquired a new stake in Huntington Bancshares in the fourth quarter worth about $58,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Huntington Bancshares in the fourth quarter worth about $73,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Up 0.7 %

Huntington Bancshares stock traded up $0.12 during midday trading on Friday, hitting $16.73. The stock had a trading volume of 15,881,723 shares, compared to its average volume of 19,882,658. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The stock has a market cap of $24.31 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.41 and a beta of 1.07. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The business has a fifty day moving average price of $16.75 and a 200 day moving average price of $15.87.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $0.27 earnings per share. Research analysts predict that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed 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 3.71%. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. 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. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Evercore ISI boosted 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. Finally, Piper Sandler cut 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.06.

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.