Huntington Bancshares Incorporated (NASDAQ:HBAN) Holdings Cut by Inceptionr LLC

Inceptionr LLC decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 64.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,482 shares of the bank’s stock after selling 56,919 shares during the quarter. Inceptionr LLC’s holdings in Huntington Bancshares were worth $512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC increased its stake in shares of Huntington Bancshares by 17,533.3% during the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock worth $26,000 after purchasing an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd grew its stake in Huntington Bancshares by 126.8% in the 4th 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 last quarter. Midwest Capital Advisors LLC acquired a new position in Huntington Bancshares in the 4th quarter valued at $37,000. Asset Dedication LLC grew its stake in Huntington Bancshares by 70.0% in the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after buying an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Huntington Bancshares by 27.2% in 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 last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

HBAN has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Citigroup raised their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Stephens restated an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $15.14 on Friday. The company has a 50-day moving average of $16.55 and a 200-day moving average of $16.11. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly 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 net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company posted $0.27 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 4.10%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 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.