Wolverine Asset Management LLC Acquires 30,081 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Wolverine Asset Management LLC lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 141.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,308 shares of the bank's stock after purchasing an additional 30,081 shares during the quarter. Wolverine Asset Management LLC's holdings in Huntington Bancshares were worth $835,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HBAN. State Street Corp lifted its holdings in shares of Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after acquiring an additional 7,439,909 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Huntington Bancshares by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock valued at $921,778,000 after purchasing an additional 1,522,767 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Huntington Bancshares by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock valued at $540,422,000 after purchasing an additional 473,893 shares during the period. FMR LLC raised its holdings in shares of Huntington Bancshares by 16.8% in the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank's stock worth $348,672,000 after buying an additional 3,410,597 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Huntington Bancshares by 13.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock worth $298,682,000 after buying an additional 2,363,988 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Trading Up 0.3 %

NASDAQ HBAN traded up $0.06 on Monday, reaching $16.21. The company had a trading volume of 9,381,687 shares, compared to its average volume of 19,291,125. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The stock has a market cap of $23.56 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.33 and a beta of 1.07. The stock's 50 day moving average is $16.68 and its 200-day moving average is $15.98.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 period in the prior year, the business posted $0.27 EPS. Equities 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. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.83%. Huntington Bancshares's dividend payout ratio is 50.41%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HBAN. Evercore ISI upped their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, December 12th. Finally, Piper Sandler reduced their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. One investment 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.06.

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.