5 Best Dividend Leaders to Buy Right Now

In this article, we will take a look at the 5 Best Dividend Leaders to Buy Right Now. For a deeper discussion and an extended list, please see 15 Best Dividend Leaders to Buy Right Now. 

5. Huntington Bancshares Incorporated (NASDAQ:HBAN)

Number of Hedge Fund Holders: 49

On March 13, Truist lowered its price recommendation on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $19 from $21. The firm reiterated a Buy rating on the shares. The change came as part of a broader research note on regional banks. The firm said it is updating its models following conference updates and also pointed to heightened geopolitical and macro risks.

On March 9, Baird added a “Fresh Pick designation” on Huntington while keeping an Outperform rating and a $20 price target. The firm said the recent weakness in bank stocks has created more attractive risk and reward trade-offs. The analyst said there is a “margin of safety” in many regional banks at current prices. Capital levels remain in good shape and credit trends continue to look solid. Baird added that the current environment may present a good opportunity for investors to add to positions or initiate exposure in regional banks.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a regional bank holding company. Through its primary subsidiary, Huntington National Bank, and its affiliates, the company provides services to consumers, small and middle-market businesses, corporations, municipalities, and other organizations.