Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Savant Capital LLC

Savant Capital LLC grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,359 shares of the bank’s stock after acquiring an additional 1,150 shares during the period. Savant Capital LLC’s holdings in Huntington Bancshares were worth $3,309,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Asset Dedication LLC increased its stake in shares of Huntington Bancshares by 200.7% during 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 in the last quarter. Y.D. More Investments Ltd increased its stake in shares of Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock worth $30,000 after purchasing an additional 1,023 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the third quarter worth about $32,000. Crews Bank & Trust purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth about $58,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $16.86 on Wednesday. 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 firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.41 and a beta of 1.07. The company’s 50-day moving average is $16.81 and its two-hundred day moving average is $15.84. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 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 period last year, the company posted $0.27 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS 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 $0.155 dividend. 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 is currently 50.41%.

Analysts Set New Price Targets

A number of analysts have recently commented on HBAN shares. DA Davidson boosted their target price 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. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Citigroup upped their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays upped their price objective 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. One 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.