Foster Victor Wealth Advisors LLC Raises Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Foster Victor Wealth Advisors LLC increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 428,014 shares of the bank’s stock after acquiring an additional 2,758 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $7,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HBAN. Arvest Bank Trust Division bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $2,381,000. Donoghue Forlines LLC bought a new stake in Huntington Bancshares during the 4th quarter valued at $1,460,000. Heritage Wealth Management Inc. bought a new stake in Huntington Bancshares during the 2nd quarter valued at $744,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Huntington Bancshares by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after acquiring an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd bought a new position in shares of Huntington Bancshares in the third quarter worth $3,454,000. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of recent research reports. Evercore ISI increased their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Citigroup raised their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report 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 on the stock in a report on Tuesday, January 21st. Truist Financial raised their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. 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. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $18.06.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following 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. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 0.3 %

Shares of HBAN opened at $17.23 on Wednesday. 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 Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The firm has a 50 day moving average price of $16.98 and a 200-day moving average price of $15.68. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.39 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $0.27 earnings per share. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed 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. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Huntington Bancshares Company 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.