Y Intercept Hong Kong Ltd Grows Stock Position in Huntington Bancshares Incorporated $HBAN

Y Intercept Hong Kong Ltd grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 81.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,201 shares of the bank’s stock after purchasing an additional 61,725 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Huntington Bancshares were worth $2,369,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MTM Investment Management LLC acquired a new stake in shares of Huntington Bancshares in the second quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Huntington Bancshares during the 2nd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Huntington Bancshares in the third quarter valued at $31,000. First Horizon Corp acquired a new stake in shares of Huntington Bancshares in the 3rd quarter valued at $36,000. Finally, Root Financial Partners LLC purchased a new stake in Huntington Bancshares during the 3rd quarter worth about $44,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

Shares of HBAN traded down $0.23 on Wednesday, reaching $17.20. The stock had a trading volume of 1,267,963 shares, compared to its average volume of 30,868,264. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.91. The firm has a market capitalization of $27.09 billion, a PE ratio of 12.40, a PEG ratio of 0.70 and a beta of 0.95. The firm has a 50-day moving average of $17.36 and a 200 day moving average of $16.87. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the company posted $0.34 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares’s payout ratio is currently 44.60%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HBAN. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 6th. DA Davidson restated a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.11.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 64,587 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the transaction, the insider directly owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This trade represents a 10.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Inglis acquired 6,506 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director owned 89,831 shares of the company’s stock, valued at $1,374,414.30. This trade represents a 7.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 97,863 shares of company stock worth $1,581,634 over the last ninety days. Insiders own 0.89% of the company’s stock.

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.