Candriam S.C.A. Acquires 25,754 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Candriam S.C.A. grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 207,168 shares of the bank’s stock after purchasing an additional 25,754 shares during the period. Candriam S.C.A.’s holdings in Huntington Bancshares were worth $3,371,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Creative Capital Management Investments LLC boosted its position in shares of Huntington Bancshares by 17,533.3% during the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd boosted its position 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 acquiring an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $37,000. Asset Dedication LLC boosted its position in shares of Huntington Bancshares by 70.0% during the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted 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 acquiring an additional 702 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

HBAN opened at $15.14 on Friday. 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 52-week low of $12.05 and a 52-week high of $18.44. The stock has a market capitalization of $22.01 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The stock’s 50 day moving average price is $16.55 and its 200-day moving average price is $16.11.

Huntington Bancshares (NASDAQ:HBAN) last posted its 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 4.10%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HBAN. Barclays lifted their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Truist Financial boosted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Stephens restated an “equal weight” rating and issued a $18.50 target price on shares of Huntington Bancshares in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.24.

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.