Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 564,600 shares of the bank’s stock after buying an additional 9,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Huntington Bancshares were worth $9,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arvest Bank Trust Division acquired a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $2,381,000. Mediolanum International Funds Ltd purchased a new position in Huntington Bancshares during the fourth quarter worth approximately $422,000. Donoghue Forlines LLC purchased a new position in Huntington Bancshares during the fourth quarter worth approximately $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Huntington Bancshares by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after purchasing an additional 44,662 shares during the period. Finally, Petiole USA ltd acquired a new stake in shares of Huntington Bancshares in the third quarter worth $3,454,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Barclays increased their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Piper Sandler reduced their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Citigroup increased their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group raised their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One investment 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. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Stock Up 1.6 %

Shares of HBAN stock opened at $16.47 on Friday. 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 $23.94 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The business’s fifty day moving average is $16.65 and its 200-day moving average is $16.04. 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 issued its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $0.27 EPS. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.76%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

About Huntington Bancshares

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.