Y.D. More Investments Ltd Has $30,000 Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Y.D. More Investments Ltd lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 126.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,830 shares of the bank’s stock after buying an additional 1,023 shares during the period. Y.D. More Investments Ltd’s holdings in Huntington Bancshares were worth $30,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Asset Dedication LLC boosted its position in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the third quarter worth $31,000. Fortitude Family Office LLC bought a new position in Huntington Bancshares in the third quarter valued at $32,000. Crews Bank & Trust acquired a new stake in Huntington Bancshares in the 4th quarter valued at $58,000. Finally, Decker Retirement Planning Inc. bought a new stake in Huntington Bancshares during the 4th quarter worth about $73,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Up 1.4 %

Shares of Huntington Bancshares stock opened at $17.16 on Friday. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The stock has a market cap of $24.93 billion, a PE ratio of 13.95, a PEG ratio of 1.42 and a beta of 1.07. The firm has a 50-day moving average of $16.87 and a 200-day moving average of $15.79. 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 announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm posted $0.27 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.61%. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Insider Activity

In other news, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HBAN. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Citigroup upped their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Piper Sandler decreased their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Finally, Evercore ISI lifted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has an average 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.