Vista Investment Partners II LLC acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,568 shares of the bank's stock, valued at approximately $1,815,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Huntington Bancshares in the fourth quarter valued at about $150,444,000. State Street Corp boosted its stake in Huntington Bancshares by 10.3% in the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after buying an additional 7,439,909 shares in the last quarter. Amundi increased its holdings in shares of Huntington Bancshares by 26.7% during the fourth quarter. Amundi now owns 17,435,207 shares of the bank's stock worth $286,460,000 after buying an additional 3,671,235 shares in the last quarter. FMR LLC grew its holdings in shares of Huntington Bancshares by 16.8% during the third quarter. FMR LLC now owns 23,719,168 shares of the bank's stock worth $348,672,000 after purchasing an additional 3,410,597 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after acquiring an additional 2,363,988 shares during the period. Institutional investors own 80.72% of the company's stock.
Huntington Bancshares Price Performance
NASDAQ HBAN traded down $0.27 during trading hours on Thursday, reaching $14.28. The company's stock had a trading volume of 18,987,338 shares, compared to its average volume of 21,514,748. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.33 and a beta of 1.07. The company's 50-day moving average is $16.45 and its two-hundred day moving average is $16.12. 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 1-year low of $12.05 and a 1-year high of $18.44.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 EPS 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 prior year, the firm earned $0.27 EPS. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.
Huntington Bancshares Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.34%. Huntington Bancshares's payout ratio is currently 50.41%.
Analyst Ratings Changes
HBAN has been the subject of several recent analyst reports. Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. 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 report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, Citigroup raised their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares currently has an average rating of "Moderate Buy" and an average price target of $18.35.
Check Out Our Latest Analysis on Huntington Bancshares
About Huntington Bancshares
(
Free Report)
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.
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