Creative Capital Management Investments LLC Acquires 1,578 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Creative Capital Management Investments LLC lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17,533.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,587 shares of the bank’s stock after acquiring an additional 1,578 shares during the period. Creative Capital Management Investments LLC’s holdings in Huntington Bancshares were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HBAN. Vontobel Holding Ltd. lifted its stake in Huntington Bancshares by 37.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,801 shares of the bank’s stock valued at $320,000 after acquiring an additional 5,913 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Huntington Bancshares by 4.4% in the third quarter. Bleakley Financial Group LLC now owns 55,831 shares of the bank’s stock valued at $821,000 after purchasing an additional 2,335 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Huntington Bancshares by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 238,630 shares of the bank’s stock valued at $3,508,000 after purchasing an additional 2,559 shares in the last quarter. Claro Advisors LLC purchased a new position in Huntington Bancshares during the third quarter worth about $224,000. Finally, Aaron Wealth Advisors LLC bought a new stake in Huntington Bancshares in the 3rd quarter worth about $188,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 0.7 %

Shares of NASDAQ HBAN opened at $16.73 on Tuesday. 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 company has a market cap of $24.31 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.41 and a beta of 1.07. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The business has a 50-day simple moving average of $16.74 and a two-hundred day simple moving average of $15.89.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating 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 company earned $0.27 earnings per share. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared 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 is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.71%. Huntington Bancshares’s payout ratio is currently 50.41%.

Analyst Ratings Changes

HBAN has been the topic of a number of research analyst reports. Stephens restated an “equal weight” rating and issued a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. DA Davidson upped their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods lifted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Truist Financial boosted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

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.