Teachers Advisors LLC increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,737,456 shares of the bank’s stock after acquiring an additional 1,723,377 shares during the period. Teachers Advisors LLC’s holdings in Huntington Bancshares were worth $112,657,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Kovack Advisors Inc. purchased a new stake in Huntington Bancshares in the 4th quarter worth about $147,000. ClariVest Asset Management LLC lifted its stake in Huntington Bancshares by 53.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock worth $156,000 after acquiring an additional 3,900 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new stake in Huntington Bancshares in the 4th quarter worth about $158,000. Signition LP purchased a new stake in Huntington Bancshares in the 4th quarter worth about $171,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of Huntington Bancshares during the 4th quarter worth about $201,000. 74.07% of the stock is owned by hedge funds and other institutional investors.
Huntington Bancshares Incorporated (HBAN) opened at $16.29 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $18,166.50, a PE ratio of 16.82, a PEG ratio of 1.25 and a beta of 1.33. Huntington Bancshares Incorporated has a fifty-two week low of $12.14 and a fifty-two week high of $16.60.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same quarter in the prior year, the firm posted $0.18 EPS. analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio is 44.00%.
A number of equities research analysts have recently weighed in on HBAN shares. ValuEngine raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price target on shares of Huntington Bancshares in a research note on Tuesday, February 27th. Zacks Investment Research downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BidaskClub raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $16.76.
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Huntington Bancshares 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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