Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 39.1% in the 4th quarter, Holdings Channel reports. The firm owned 7,258 shares of the bank’s stock after buying an additional 2,042 shares during the period. Allworth Financial LP’s holdings in Huntington Bancshares were worth $122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Huntington Bancshares by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 77,732 shares of the bank’s stock valued at $1,143,000 after acquiring an additional 7,976 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Huntington Bancshares by 5.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 305,394 shares of the bank’s stock valued at $4,489,000 after acquiring an additional 14,928 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Huntington Bancshares by 1,277.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 747,545 shares of the bank’s stock valued at $10,989,000 after acquiring an additional 693,258 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Huntington Bancshares by 7.4% in the 3rd quarter. Dakota Wealth Management now owns 15,225 shares of the bank’s stock valued at $224,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in shares of Huntington Bancshares by 4.7% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 49,479 shares of the bank’s stock valued at $727,000 after acquiring an additional 2,239 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $16.15 on Monday. 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’s fifty day moving average is $16.68 and its 200-day moving average is $15.98. The firm has a market cap of $23.48 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44.

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, topping 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. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed 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 dividend yield of 3.84%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Analysts Set New Price Targets

HBAN has been the subject of several research analyst reports. Barclays upped their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. 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. Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Evercore ISI upped their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler dropped their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

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.