New Mexico Educational Retirement Board grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,776 shares of the bank’s stock after acquiring an additional 3,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Huntington Bancshares were worth $1,526,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Verition Fund Management LLC acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $139,000. Kovack Advisors Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter valued at about $147,000. Alpha Cubed Investments LLC acquired a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $151,000. ClariVest Asset Management LLC grew its stake in shares of Huntington Bancshares by 53.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after buying an additional 3,900 shares during the period. Finally, Polaris Greystone Financial Group LLC acquired a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $193,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
Huntington Bancshares Incorporated (NASDAQ HBAN) traded down $0.24 during trading on Wednesday, hitting $16.05. 6,970,394 shares of the company’s stock traded hands, compared to its average volume of 10,720,000. Huntington Bancshares Incorporated has a 1 year low of $12.14 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $17,210.00, a PE ratio of 18.45, a P/E/G ratio of 1.25 and a beta of 1.33.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm earned $0.18 EPS. sell-side analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.74%. Huntington Bancshares’s dividend payout ratio is currently 50.57%.
HBAN has been the subject of several research reports. Morgan Stanley raised their target price on Huntington Bancshares from $14.50 to $16.50 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Robert W. Baird restated a “hold” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research note on Wednesday, January 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $17.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 9th. Finally, Vining Sparks reiterated a “buy” rating and set a $19.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 23rd. Nine investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Huntington Bancshares currently has an average rating of “Buy” and an average target price of $16.76.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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