Vontobel Holding Ltd. Purchases 13,105 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Vontobel Holding Ltd. boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 60.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,906 shares of the bank’s stock after acquiring an additional 13,105 shares during the period. Vontobel Holding Ltd.’s holdings in Huntington Bancshares were worth $568,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Huntington Bancshares by 77.4% in the 3rd quarter. Blue Trust Inc. now owns 20,974 shares of the bank’s stock valued at $308,000 after buying an additional 9,152 shares during the period. Allspring Global Investments Holdings LLC raised its holdings 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 purchasing an additional 7,976 shares during the period. Ledyard National Bank bought a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $159,000. Foundations Investment Advisors LLC raised its holdings in shares of Huntington Bancshares by 18.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 27,904 shares of the bank’s stock valued at $410,000 after purchasing an additional 4,257 shares during the period. Finally, GAM Holding AG grew its stake in Huntington Bancshares by 0.7% in the 3rd quarter. GAM Holding AG now owns 580,803 shares of the bank’s stock valued at $8,538,000 after buying an additional 3,833 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBAN. Evercore ISI increased their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Barclays raised 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 note on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial lifted their target price 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. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Trading Down 0.4 %

HBAN stock opened at $16.83 on Thursday. The firm’s fifty day simple moving average is $16.72 and its two-hundred day simple moving average is $15.92. 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 stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $0.27 earnings per share. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.68%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 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.