Values First Advisors Inc. Makes New $366,000 Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Values First Advisors Inc. acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,482 shares of the bank’s stock, valued at approximately $366,000.

Other large investors have also made changes to their positions in the company. Asset Dedication LLC lifted its position in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,202 shares during the period. Y.D. More Investments Ltd raised its stake in shares of Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after buying an additional 1,023 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at about $32,000. Crews Bank & Trust purchased a new stake in shares of Huntington Bancshares in the fourth quarter worth about $58,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Huntington Bancshares during the fourth quarter worth about $73,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Down 1.6 %

Shares of HBAN stock opened at $16.59 on Thursday. 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 market capitalization of $24.10 billion, a P/E ratio of 13.49, a PEG ratio of 1.41 and a beta of 1.07. The stock’s fifty day moving average is $16.79 and its two-hundred day moving average is $15.85. 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 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. Research analysts expect that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. 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. Royal Bank of Canada restated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Barclays upped their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Truist Financial raised their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.06.

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.