Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Holdings Raised by Versor Investments LP

Versor Investments LP increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 57.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,100 shares of the bank’s stock after purchasing an additional 43,900 shares during the quarter. Versor Investments LP’s holdings in Huntington Bancshares were worth $1,954,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Arvest Bank Trust Division acquired a new position in Huntington Bancshares during the third quarter worth about $2,381,000. Mediolanum International Funds Ltd acquired a new stake in shares of Huntington Bancshares in the fourth quarter worth about $422,000. Donoghue Forlines LLC acquired a new position in Huntington Bancshares during the 4th quarter worth $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock valued at $12,414,000 after acquiring an additional 44,662 shares during the period. Finally, Petiole USA ltd acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $3,454,000. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HBAN. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler decreased their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. Finally, Truist Financial lifted their price target on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Price Performance

HBAN stock opened at $16.06 on Thursday. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.44. The stock has a market cap of $23.35 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.33 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. The company has a 50 day simple moving average of $16.64 and a 200 day simple moving average of $16.02.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating 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 last year, the business earned $0.27 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS 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. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.86%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s payout ratio is presently 50.41%.

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.