Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Bell Bank

Bell Bank lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 558,470 shares of the bank’s stock after acquiring an additional 55,163 shares during the period. Huntington Bancshares accounts for about 0.7% of Bell Bank’s holdings, making the stock its 23rd biggest position. Bell Bank’s holdings in Huntington Bancshares were worth $9,086,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Creative Capital Management Investments LLC grew its holdings in Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock worth $26,000 after acquiring an additional 1,578 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of Huntington Bancshares by 126.8% during 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 period. Fortitude Family Office LLC purchased a new position in Huntington Bancshares during the third quarter worth about $32,000. Asset Dedication LLC boosted its position in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock worth $50,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after buying an additional 702 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Down 1.6 %

Shares of HBAN opened at $16.15 on Friday. The firm has a market cap of $23.48 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.36 and a beta of 1.07. 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. The stock has a 50 day simple moving average of $16.68 and a two-hundred day simple moving average of $15.95.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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 previous year, the firm earned $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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.84%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HBAN. Truist Financial upped their target price on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Stephens reiterated an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a research report on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Evercore ISI raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.