Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires New Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,070 shares of the bank’s stock, valued at approximately $164,000.

Other hedge funds have also recently bought and sold shares of the company. Creative Capital Management Investments LLC lifted its position in Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd raised 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 worth $30,000 after buying an additional 1,023 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Huntington Bancshares during the 4th quarter worth about $37,000. Asset Dedication LLC raised 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 worth $50,000 after buying an additional 1,260 shares in the last quarter. Finally, Venturi Wealth Management LLC raised 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 worth $53,000 after buying an additional 702 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HBAN. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Piper Sandler lowered their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Citigroup lifted their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $15.14 on Friday. The company’s 50 day moving average price is $16.55 and its 200 day moving average price is $16.11. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The company has a market capitalization of $22.01 billion, a PE ratio of 12.31, a PEG ratio of 1.33 and a beta of 1.07. 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 announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating 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 in the prior year, the firm earned $0.27 EPS. Research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 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.