Two Sigma Advisers LP bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 33,300 shares of the bank’s stock, valued at approximately $397,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. HC Financial Advisors Inc. lifted its stake in shares of Huntington Bancshares by 11.3% during the third quarter. HC Financial Advisors Inc. now owns 147,049 shares of the bank’s stock worth $2,194,000 after buying an additional 14,965 shares during the period. Bank of New York Mellon Corp lifted its position in Huntington Bancshares by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 8,671,432 shares of the bank’s stock valued at $129,377,000 after purchasing an additional 98,561 shares during the period. Allianz Asset Management GmbH lifted its position in Huntington Bancshares by 304.2% during the third quarter. Allianz Asset Management GmbH now owns 134,758 shares of the bank’s stock valued at $2,011,000 after purchasing an additional 101,420 shares during the period. Pacer Advisors Inc. lifted its position in Huntington Bancshares by 14.2% during the third quarter. Pacer Advisors Inc. now owns 57,487 shares of the bank’s stock valued at $858,000 after purchasing an additional 7,134 shares during the period. Finally, Vident Investment Advisory LLC lifted its position in Huntington Bancshares by 85.5% during the third quarter. Vident Investment Advisory LLC now owns 29,885 shares of the bank’s stock valued at $446,000 after purchasing an additional 13,771 shares during the period. Institutional investors and hedge funds own 79.02% of the company’s stock.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 60,000 shares of Huntington Bancshares stock in a transaction on Monday, February 11th. The shares were sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the transaction, the executive vice president now owns 356,615 shares of the company’s stock, valued at $4,889,191.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark E. Thompson sold 18,510 shares of Huntington Bancshares stock in a transaction on Monday, January 28th. The shares were sold at an average price of $13.49, for a total transaction of $249,699.90. Following the completion of the transaction, the executive vice president now directly owns 667,175 shares of the company’s stock, valued at approximately $9,000,190.75. The disclosure for this sale can be found here. Insiders sold 81,577 shares of company stock valued at $1,116,158 in the last ninety days. 1.22% of the stock is owned by corporate insiders.
HBAN opened at $13.61 on Monday. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $16.52. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.13 and a beta of 1.35.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 24th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.33 EPS for the current year.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Jefferies Financial Group downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a research report on Monday, January 28th. Zacks Investment Research downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Finally, Vining Sparks restated a “buy” rating and set a $18.00 target price on shares of Huntington Bancshares in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Huntington Bancshares currently has an average rating of “Hold” and an average price target of $16.18.
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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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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