Skandinaviska Enskilda Banken AB publ Raises Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Skandinaviska Enskilda Banken AB publ grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 306,330 shares of the bank’s stock after acquiring an additional 3,198 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Huntington Bancshares were worth $5,002,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in shares of Huntington Bancshares by 6.0% in the 4th quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank’s stock valued at $200,000 after acquiring an additional 699 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Huntington Bancshares by 97.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,456 shares of the bank’s stock valued at $154,000 after acquiring an additional 4,666 shares during the period. Fairway Wealth LLC raised its stake in shares of Huntington Bancshares by 25.5% in the 4th quarter. Fairway Wealth LLC now owns 9,492 shares of the bank’s stock valued at $154,000 after acquiring an additional 1,931 shares during the period. Briaud Financial Planning Inc purchased a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $78,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $559,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Up 3.3 %

HBAN stock opened at $14.75 on Friday. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.45. The stock has a market capitalization of $21.55 billion, a PE ratio of 11.99, a price-to-earnings-growth 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. The company has a fifty day moving average of $16.37 and a 200-day moving average of $16.12.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, January 17th. The bank reported $0.34 EPS 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 previous year, the firm posted $0.27 earnings per share. As a group, 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 paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HBAN shares. Barclays lifted their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Stephens restated an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. Piper Sandler dropped their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $18.35.

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.