Good Life Advisors LLC Buys Shares of 12,351 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Good Life Advisors LLC acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,351 shares of the bank’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Venturi Wealth Management LLC lifted its stake in Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock worth $53,000 after acquiring an additional 702 shares during the period. Lantz Financial LLC lifted its stake in Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after acquiring an additional 790 shares during the period. Dillon & Associates Inc. lifted its stake in Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after acquiring an additional 795 shares during the period. McGlone Suttner Wealth Management Inc. lifted its position in Huntington Bancshares by 7.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock valued at $191,000 after buying an additional 795 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in Huntington Bancshares by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock valued at $917,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.6 %

HBAN stock opened at $16.15 on Friday. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. 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 stock has a market cap of $23.48 billion, a P/E ratio of 13.13, a PEG ratio of 1.36 and a beta of 1.07. The business’s 50-day moving average price is $16.68 and its 200-day moving average price is $15.95.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly 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 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 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.84%. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Analysts Set New Price Targets

Several brokerages have commented on HBAN. Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 21st. The Goldman Sachs Group raised their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $18.06.

Huntington Bancshares Company 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.