Metropolitan Life Insurance Co. NY trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 67.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,419 shares of the bank’s stock after selling 349,864 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Huntington Bancshares were worth $2,438,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kovack Advisors Inc. bought a new position in Huntington Bancshares during the fourth quarter valued at about $147,000. Mariner Wealth Advisors LLC bought a new position in Huntington Bancshares during the fourth quarter valued at about $158,000. Signition LP bought a new position in Huntington Bancshares during the fourth quarter valued at about $171,000. Lido Advisors LLC acquired a new stake in Huntington Bancshares during the fourth quarter valued at approximately $174,000. Finally, CIBC World Markets Inc. acquired a new stake in Huntington Bancshares during the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.
A number of research firms have weighed in on HBAN. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 10th. Zacks Investment Research downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Sandler O’Neill reaffirmed a “buy” rating and set a $18.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price objective on shares of Huntington Bancshares in a report on Wednesday, January 24th. Finally, Hilliard Lyons raised Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $16.93.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same period in the previous year, the business earned $0.18 EPS. research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s payout ratio is currently 44.00%.
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Huntington Bancshares 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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