Smartleaf Asset Management LLC Purchases 5,452 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Smartleaf Asset Management LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,496 shares of the bank’s stock after buying an additional 5,452 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Huntington Bancshares were worth $727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arvest Bank Trust Division bought a new position in shares of Huntington Bancshares during the 3rd quarter worth $2,381,000. Mediolanum International Funds Ltd bought a new position in shares of Huntington Bancshares during the 4th quarter worth $422,000. Donoghue Forlines LLC bought a new position in shares of Huntington Bancshares during the 4th quarter worth $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 buying an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd bought a new position in shares of Huntington Bancshares during the 3rd quarter worth $3,454,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 1.7 %

Huntington Bancshares stock opened at $16.19 on Tuesday. 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 company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The stock has a 50-day moving average price of $16.65 and a 200 day moving average price of $16.09.

Huntington Bancshares (NASDAQ:HBAN) last released 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the business earned $0.27 earnings per share. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

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 issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HBAN. JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Stephens reiterated an “equal weight” rating and issued a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, Piper Sandler cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. One research 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. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

About Huntington Bancshares

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.