Bank Julius Baer & Co. Ltd Zurich Boosts Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,605,315 shares of the bank’s stock after buying an additional 233,700 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.32% of Huntington Bancshares worth $79,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HBAN. Arvest Bank Trust Division purchased a new position in Huntington Bancshares during the third quarter valued at $2,381,000. Mediolanum International Funds Ltd purchased a new position in shares of Huntington Bancshares during the fourth quarter valued at about $422,000. Donoghue Forlines LLC bought a new stake in shares of Huntington Bancshares in the fourth quarter worth about $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock worth $12,414,000 after buying an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd bought a new position in Huntington Bancshares during the third quarter valued at approximately $3,454,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.1 %

NASDAQ HBAN opened at $15.14 on Friday. The stock has a market cap of $22.01 billion, a PE ratio of 12.31, a PEG ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The company’s 50-day moving average price is $16.58 and its 200-day moving average price is $16.09. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 firm earned $0.27 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HBAN. Stephens reaffirmed an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. Piper Sandler lowered their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. The Goldman Sachs Group increased their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Truist Financial boosted their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.24.

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.