Centiva Capital LP Has $534,000 Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Centiva Capital LP cut its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 48.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,359 shares of the bank's stock after selling 34,668 shares during the quarter. Centiva Capital LP's holdings in Huntington Bancshares were worth $534,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Asset Dedication LLC lifted its position in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after buying an additional 1,202 shares in the last quarter. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares in the third quarter worth about $29,000. Hazlett Burt & Watson Inc. lifted its holdings in Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after buying an additional 2,003 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares during the third quarter valued at about $31,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the third quarter worth about $32,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,699 shares of company stock valued at $757,356. Corporate insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN traded down $0.09 during midday trading on Friday, reaching $17.61. 11,142,681 shares of the company traded hands, compared to its average volume of 13,216,394. The stock has a 50-day moving average price of $16.36 and a 200 day moving average price of $14.73. The company has a market cap of $25.58 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 3.51 and a beta of 1.06. Huntington Bancshares Incorporated has a 52 week low of $11.68 and a 52 week high of $18.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.52%. Huntington Bancshares's dividend payout ratio (DPR) is 59.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HBAN shares. JPMorgan Chase & Co. restated an "overweight" rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday. Barclays raised their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Citigroup increased their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $17.24.

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.