Victory Capital Management Inc. Acquires 680,113 Shares of Huntington Bancshares Incorporated (HBAN)
Victory Capital Management Inc. increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 146.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,143,692 shares of the bank’s stock after purchasing an additional 680,113 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Huntington Bancshares worth $17,064,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HBAN. BB&T Securities LLC lifted its stake in Huntington Bancshares by 17.1% in the second quarter. BB&T Securities LLC now owns 503,620 shares of the bank’s stock valued at $7,432,000 after acquiring an additional 73,711 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Huntington Bancshares by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 3,328,824 shares of the bank’s stock valued at $49,134,000 after acquiring an additional 50,318 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Huntington Bancshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 12,392,637 shares of the bank’s stock valued at $182,931,000 after acquiring an additional 363,049 shares during the last quarter. Cadence Capital Management LLC lifted its stake in Huntington Bancshares by 27.7% in the second quarter. Cadence Capital Management LLC now owns 161,551 shares of the bank’s stock valued at $2,384,000 after acquiring an additional 35,045 shares during the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. lifted its stake in Huntington Bancshares by 0.9% in the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 1,064,996 shares of the bank’s stock valued at $15,719,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 77.16% of the company’s stock.
In other Huntington Bancshares news, CEO Stephen D. Steinour purchased 17,493 shares of the stock in a transaction that occurred on Thursday, October 25th. The shares were acquired at an average cost of $13.48 per share, with a total value of $235,805.64. Following the completion of the transaction, the chief executive officer now owns 4,768,399 shares in the company, valued at $64,278,018.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Helga Houston sold 42,608 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $14.66, for a total transaction of $624,633.28. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.
NASDAQ HBAN opened at $14.78 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.96. The stock has a market cap of $15.53 billion, a PE ratio of 12.50, a P/E/G ratio of 0.82 and a beta of 1.26. Huntington Bancshares Incorporated has a 52-week low of $13.13 and a 52-week high of $16.60.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. Huntington Bancshares’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. As a group, equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Tuesday, December 18th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Monday, December 17th. Huntington Bancshares’s dividend payout ratio is presently 57.14%.
Huntington Bancshares Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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