GSA Capital Partners LLP Increases Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

GSA Capital Partners LLP lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 21.2% during the third quarter, HoldingsChannel.com reports. The firm owned 37,529 shares of the bank’s stock after purchasing an additional 6,569 shares during the period. GSA Capital Partners LLP’s holdings in Huntington Bancshares were worth $552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Dedication LLC grew its stake in shares of Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS purchased a new position in shares of Huntington Bancshares during the 3rd quarter worth about $29,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after acquiring an additional 2,003 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares in the third quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC purchased a new position in Huntington Bancshares in the third quarter valued at approximately $32,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock worth $757,356 in the last ninety days. 0.92% of the stock is owned by insiders.

Huntington Bancshares Stock Down 1.5 %

HBAN stock opened at $17.54 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $25.48 billion, a PE ratio of 16.87, a PEG ratio of 3.53 and a beta of 1.03. Huntington Bancshares Incorporated has a 1-year low of $10.73 and a 1-year high of $17.97. The business’s 50 day simple moving average is $15.51 and its 200 day simple moving average is $14.39.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the previous year, the company posted $0.36 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.53%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Analyst Ratings Changes

HBAN has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Barclays raised their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, Citigroup lifted their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $16.26.

About Huntington Bancshares

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.