Fisher Asset Management LLC Takes $189,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fisher Asset Management LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,621 shares of the bank’s stock, valued at approximately $189,000.

Other hedge funds also recently made changes to their positions in the company. Arvest Bank Trust Division purchased a new position in Huntington Bancshares during the third quarter worth about $2,381,000. Mediolanum International Funds Ltd purchased a new position in Huntington Bancshares during the fourth quarter worth about $422,000. Donoghue Forlines LLC purchased a new position in Huntington Bancshares during the fourth quarter worth about $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 buying an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd purchased a new position in Huntington Bancshares during the third quarter worth about $3,454,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Robert W. Baird raised Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Friday. Piper Sandler dropped their price target on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Truist Financial lifted their price target on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $18.24.

Huntington Bancshares Stock Up 0.1 %

Shares of NASDAQ:HBAN opened at $15.14 on Friday. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.44. The company has a market cap of $22.01 billion, a PE ratio of 12.31, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The stock’s 50-day moving average is $16.55 and its 200 day moving average is $16.11.

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 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 quarter in the prior year, the firm posted $0.27 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

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 dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.10%. Huntington Bancshares’s dividend payout ratio 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.