Ieq Capital LLC Buys 36,580 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Ieq Capital LLC raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 57.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,215 shares of the bank’s stock after buying an additional 36,580 shares during the period. Ieq Capital LLC’s holdings in Huntington Bancshares were worth $1,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Good Life Advisors LLC purchased a new position in Huntington Bancshares in the fourth quarter worth $201,000. Global Retirement Partners LLC raised its position in Huntington Bancshares by 14.6% during the fourth quarter. Global Retirement Partners LLC now owns 11,069 shares of the bank’s stock valued at $180,000 after purchasing an additional 1,407 shares in the last quarter. Creative Capital Management Investments LLC lifted its stake in Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock worth $26,000 after purchasing an additional 1,578 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Huntington Bancshares by 69.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 25,445 shares of the bank’s stock worth $417,000 after purchasing an additional 10,392 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after purchasing an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $16.15 on Monday. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The company has a 50 day moving average price of $16.68 and a 200 day moving average price of $15.98. 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 capitalization of $23.48 billion, a P/E ratio of 13.13, a PEG ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data 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 return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the firm posted $0.27 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.84%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup increased their price target 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. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.