Stephens Inc. AR Reduces Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Stephens Inc. AR trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,237 shares of the bank’s stock after selling 14,539 shares during the quarter. Stephens Inc. AR’s holdings in Huntington Bancshares were worth $996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HBAN. CX Institutional increased its holdings in shares of Huntington Bancshares by 13.4% during the 3rd quarter. CX Institutional now owns 17,748 shares of the bank’s stock worth $261,000 after buying an additional 2,102 shares during the last quarter. Asset Dedication LLC grew its stake in shares of Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after buying an additional 1,202 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Huntington Bancshares by 37.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 21,801 shares of the bank’s stock valued at $320,000 after buying an additional 5,913 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Huntington Bancshares by 2.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 143,739 shares of the bank’s stock valued at $2,113,000 after acquiring an additional 3,335 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC increased its stake in Huntington Bancshares by 4.3% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 116,346 shares of the bank’s stock worth $1,710,000 after purchasing an additional 4,845 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on HBAN. The Goldman Sachs Group increased their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stephens restated an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Barclays upped their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Citigroup increased their target price on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $16.61 on Friday. The business’s 50-day moving average price is $16.76 and its 200 day moving average price is $15.85. 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 firm has a market cap of $24.13 billion, a P/E ratio of 13.50, 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.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the prior year, the company posted $0.27 EPS. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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 paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.73%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

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.