Atlantic Family Wealth LLC Purchases New Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Atlantic Family Wealth LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,515 shares of the bank’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Arvest Bank Trust Division purchased a new stake in Huntington Bancshares during the 3rd quarter worth approximately $2,381,000. Mediolanum International Funds Ltd purchased a new stake in Huntington Bancshares during the 4th quarter worth approximately $422,000. Donoghue Forlines LLC purchased a new stake in Huntington Bancshares during the 4th quarter worth approximately $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Huntington Bancshares by 5.6% during the 3rd 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 stake in Huntington Bancshares during the 3rd quarter worth approximately $3,454,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $16.15 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 capitalization of $23.48 billion, a PE ratio of 13.13, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a fifty day moving average of $16.68 and a two-hundred day moving average of $15.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share 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 quarter in the prior year, the business earned $0.27 earnings per share. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.84%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HBAN shares. Keefe, Bruyette & Woods boosted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Citigroup upped their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Piper Sandler decreased their price target on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Stephens restated an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.