E. Ohman J or Asset Management AB Purchases 9,500 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

E. Ohman J or Asset Management AB lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,400 shares of the bank’s stock after purchasing an additional 9,500 shares during the period. E. Ohman J or Asset Management AB’s holdings in Huntington Bancshares were worth $1,048,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC grew its holdings in shares of Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares in the third quarter worth about $31,000. Fortitude Family Office LLC bought a new position in shares of Huntington Bancshares in the third quarter worth about $32,000. Crews Bank & Trust bought a new position in shares of Huntington Bancshares in the fourth quarter worth about $58,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Huntington Bancshares in the fourth quarter worth about $73,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

HBAN opened at $16.92 on Thursday. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market cap of $24.58 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The firm’s 50-day moving average price is $16.88 and its 200-day moving average price is $15.79.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data 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 earned $0.27 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm 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 $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.66%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Citigroup upped their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Truist Financial upped their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, DA Davidson upped their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Insider Buying and Selling

In other news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the sale, the vice president now owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

Huntington Bancshares Company 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.