Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Quadrature Capital Ltd

Quadrature Capital Ltd grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 664.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,817 shares of the bank’s stock after acquiring an additional 120,661 shares during the quarter. Quadrature Capital Ltd’s holdings in Huntington Bancshares were worth $1,766,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HBAN. Mather Group LLC. lifted its holdings in Huntington Bancshares by 5.8% in the fourth quarter. Mather Group LLC. now owns 15,391 shares of the bank’s stock worth $196,000 after purchasing an additional 837 shares during the period. Financial Advocates Investment Management lifted its holdings in Huntington Bancshares by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 15,325 shares of the bank’s stock worth $195,000 after purchasing an additional 856 shares during the period. Blue Trust Inc. lifted its holdings in Huntington Bancshares by 12.0% in the fourth quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after purchasing an additional 904 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Huntington Bancshares by 23.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 5,021 shares of the bank’s stock worth $64,000 after purchasing an additional 949 shares during the period. Finally, Baker Avenue Asset Management LP lifted its holdings in Huntington Bancshares by 31.8% in the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after purchasing an additional 963 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other news, insider Kendall A. Kowalski sold 15,948 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the transaction, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Brantley J. Standridge sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the transaction, the vice president now owns 385,409 shares in the company, valued at $5,241,562.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kendall A. Kowalski sold 15,948 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the transaction, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The disclosure for this sale can be found here. Insiders have sold 157,829 shares of company stock worth $2,148,623 in the last 90 days. Company insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. UBS Group cut their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Evercore ISI upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price target on shares of Huntington Bancshares in a report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $15.13.

Huntington Bancshares Price Performance

Shares of HBAN opened at $12.46 on Wednesday. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 2.29 and a beta of 1.08. Huntington Bancshares Incorporated has a fifty-two week low of $9.25 and a fifty-two week high of $14.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50-day moving average is $13.54 and its 200-day moving average is $13.10.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the prior year, the company earned $0.38 EPS. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.98%. Huntington Bancshares’s dividend payout ratio is 55.86%.

Huntington Bancshares Company 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.