Skandinaviska Enskilda Banken AB publ Acquires 3,198 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 306,330 shares of the bank’s stock after purchasing an additional 3,198 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Huntington Bancshares were worth $5,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Huntington Bancshares by 6.0% during the fourth quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock valued at $200,000 after acquiring an additional 699 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Huntington Bancshares by 97.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,456 shares of the bank’s stock valued at $154,000 after acquiring an additional 4,666 shares during the last quarter. Fairway Wealth LLC lifted its position in Huntington Bancshares by 25.5% during the fourth quarter. Fairway Wealth LLC now owns 9,492 shares of the bank’s stock valued at $154,000 after acquiring an additional 1,931 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in Huntington Bancshares during the fourth quarter valued at approximately $78,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in Huntington Bancshares during the fourth quarter valued at approximately $559,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $14.75 on Friday. The company’s 50-day moving average price is $16.37 and its 200-day moving average price is $16.12. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The company has a market cap of $21.55 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly 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 period in the prior year, the company earned $0.27 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Analysts Set New Price Targets

A number of research firms have issued reports on HBAN. Morgan Stanley decreased their price target on shares of Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial raised 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. Barclays raised their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Citigroup raised their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Piper Sandler decreased their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.35.

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.