Y.D. More Investments Ltd Has $30,000 Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Y.D. More Investments Ltd grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 126.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,830 shares of the bank’s stock after acquiring an additional 1,023 shares during the period. Y.D. More Investments Ltd’s holdings in Huntington Bancshares were worth $30,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on HBAN. Truist Financial increased their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Barclays raised their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Stephens reaffirmed an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.06.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $17.16 on Friday. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The firm has a market capitalization of $24.93 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The firm has a fifty day simple moving average of $16.87 and a two-hundred day simple moving average of $15.79. 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 (NASDAQ:HBAN) last posted 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 net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the firm posted $0.27 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.61%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Insider Activity at Huntington Bancshares

In related news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

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.