Secured Retirement Advisors LLC Has $197,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Secured Retirement Advisors LLC boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,090 shares of the bank’s stock after acquiring an additional 1,478 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Huntington Bancshares were worth $197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd grew its position in Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,023 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter valued at $32,000. Asset Dedication LLC increased its stake in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock worth $50,000 after acquiring an additional 1,260 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth $58,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Huntington Bancshares during the fourth quarter valued at $73,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HBAN. Evercore ISI raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup lifted their target price 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. Keefe, Bruyette & Woods increased their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Barclays lifted 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. Finally, Stephens reissued an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $16.73 on Friday. The firm has a fifty day moving average price of $16.75 and a two-hundred day moving average price of $15.87. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. 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 company has a market cap of $24.31 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the firm earned $0.27 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 yield of 3.71%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Huntington Bancshares Company 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.