Andra AP fonden Boosts Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Andra AP fonden boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 515,100 shares of the bank’s stock after purchasing an additional 30,900 shares during the period. Andra AP fonden’s holdings in Huntington Bancshares were worth $8,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $164,000. Candriam S.C.A. raised its position in Huntington Bancshares by 14.2% in the fourth quarter. Candriam S.C.A. now owns 207,168 shares of the bank’s stock worth $3,371,000 after acquiring an additional 25,754 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Huntington Bancshares by 80.0% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 22,961 shares of the bank’s stock valued at $374,000 after acquiring an additional 10,202 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Huntington Bancshares during the 4th quarter worth $150,444,000. Finally, Arizona State Retirement System grew its stake in shares of Huntington Bancshares by 1.5% during the 4th quarter. Arizona State Retirement System now owns 421,517 shares of the bank’s stock worth $6,858,000 after purchasing an additional 6,309 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays raised 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. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler dropped their price objective 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. Finally, Stephens reiterated 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 analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Huntington Bancshares Stock Performance

Shares of 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’s 50 day simple moving average is $16.55 and its 200 day simple moving average is $16.11. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly 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 last year, the firm posted $0.27 EPS. On average, sell-side analysts predict 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. Shareholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.10%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

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.