Bank Julius Baer & Co. Ltd Zurich Purchases 116,335 Shares of Huntington Bancshares Incorporated $HBAN

Bank Julius Baer & Co. Ltd Zurich boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 5,491,294 shares of the bank’s stock after buying an additional 116,335 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Huntington Bancshares were worth $95,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HBAN. Palisade Asset Management LLC bought a new stake in shares of Huntington Bancshares during the third quarter valued at approximately $26,000. South Plains Financial Inc. raised its stake in shares of Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after acquiring an additional 826 shares in the last quarter. Accredited Wealth Management LLC raised its stake in shares of Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,322 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Huntington Bancshares during the third quarter valued at approximately $31,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Huntington Bancshares during the third quarter valued at approximately $33,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.35 on Thursday. The firm has a market cap of $31.12 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.73 and a beta of 0.96. The company’s 50 day moving average is $16.06 and its 200 day moving average is $16.74. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same period last year, the company posted $0.34 earnings per share. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.62 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 47.69%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Prashant Nateri sold 10,171 shares of Huntington Bancshares stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.50, for a total value of $157,650.50. Following the transaction, the insider directly owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. The trade was a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James D. Rollins III purchased 8,471 shares of the business’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $18.01 per share, for a total transaction of $152,562.71. Following the completion of the acquisition, the director directly owned 11,500 shares of the company’s stock, valued at approximately $207,115. The trade was a 279.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 39,200 shares of company stock valued at $756,724. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HBAN has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Truist Financial decreased their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. National Bank Financial set a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday, February 4th. Finally, Raymond James Financial lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $20.05.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.