Valmark Advisers Inc. bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,888 shares of the bank’s stock, valued at approximately $552,000.
A number of other hedge funds have also modified their holdings of the business. Mariner Wealth Advisors LLC bought a new stake in Huntington Bancshares in the fourth quarter worth approximately $158,000. Ferris Capital LLC bought a new stake in Huntington Bancshares in the fourth quarter worth approximately $444,000. Virtu Financial LLC bought a new stake in Huntington Bancshares in the fourth quarter worth approximately $496,000. UBS Asset Management Americas Inc. increased its holdings in Huntington Bancshares by 0.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,004,081 shares of the bank’s stock worth $43,739,000 after purchasing an additional 11,581 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Huntington Bancshares by 0.3% in the fourth quarter. BlackRock Inc. now owns 68,403,363 shares of the bank’s stock worth $995,953,000 after purchasing an additional 221,404 shares in the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.
Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $15.83 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a 1 year low of $12.14 and a 1 year high of $16.53. The firm has a market capitalization of $16,970.19, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. equities analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.78%. Huntington Bancshares’s dividend payout ratio is presently 24.00%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Tuesday, January 9th. Hilliard Lyons downgraded Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Wednesday, January 24th. Barclays lifted their target price on Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.25 target price on shares of Huntington Bancshares in a report on Friday, December 22nd. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $18.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 23rd. Ten research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $16.75.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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