Fortress Financial Solutions LLC Purchases Shares of 17,895 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fortress Financial Solutions LLC acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 17,895 shares of the bank’s stock, valued at approximately $291,000.

A number of other large investors have also made changes to their positions in HBAN. Asset Dedication LLC raised its holdings in Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,202 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of Huntington Bancshares by 126.8% in the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,023 shares in the last quarter. Fortitude Family Office LLC bought a new position in Huntington Bancshares in the third quarter worth $32,000. Crews Bank & Trust acquired a new stake in Huntington Bancshares during the fourth quarter worth $58,000. Finally, Decker Retirement Planning Inc. bought a new stake in Huntington Bancshares in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HBAN. Citigroup lifted their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group lifted their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler dropped their target price on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Evercore ISI boosted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, DA Davidson increased their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Trading Up 0.8 %

NASDAQ HBAN opened at $16.86 on Wednesday. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The stock has a 50-day simple moving average of $16.81 and a 200 day simple moving average of $15.84. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $24.49 billion, a PE ratio of 13.71, a P/E/G ratio of 1.41 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share 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 quarter last year, the business posted $0.27 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.68%. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

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.