Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Versor Investments LP

Versor Investments LP boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 57.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,100 shares of the bank's stock after acquiring an additional 43,900 shares during the period. Versor Investments LP's holdings in Huntington Bancshares were worth $1,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Creative Capital Management Investments LLC boosted its holdings in shares of Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after acquiring an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd raised 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 valued at $30,000 after buying an additional 1,023 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in Huntington Bancshares in the 3rd quarter valued at about $32,000. Midwest Capital Advisors LLC purchased a new position in Huntington Bancshares during the fourth quarter worth approximately $37,000. Finally, Asset Dedication LLC grew its position in Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after acquiring an additional 1,260 shares during the period. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Performance

Shares of HBAN traded down $0.28 on Monday, reaching $16.19. 18,882,160 shares of the company's stock traded hands, compared to its average volume of 20,395,555. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The stock's 50 day simple moving average is $16.65 and its two-hundred day simple moving average is $16.07. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The stock has a market cap of $23.54 billion, a PE ratio of 13.16, a PEG ratio of 1.33 and a beta of 1.07.

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Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced 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 return on equity of 11.23% and a net margin of 16.23%. During the same period last year, the company posted $0.27 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is currently 50.41%.

Analysts Set New Price Targets

HBAN has been the subject of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Piper Sandler cut their price target on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. Barclays lifted their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Finally, Stephens reissued an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.