Versor Investments LP Purchases 42,400 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Versor Investments LP raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 125.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,200 shares of the bank's stock after acquiring an additional 42,400 shares during the quarter. Versor Investments LP's holdings in Huntington Bancshares were worth $1,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HBAN. Kennebec Savings Bank bought a new stake in shares of Huntington Bancshares during the 3rd quarter worth about $402,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Huntington Bancshares by 4.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 435,530 shares of the bank's stock worth $6,402,000 after buying an additional 19,334 shares during the period. Covestor Ltd boosted its holdings in shares of Huntington Bancshares by 30.5% during the 3rd quarter. Covestor Ltd now owns 6,173 shares of the bank's stock worth $91,000 after buying an additional 1,443 shares during the period. Atria Investments Inc boosted its holdings in shares of Huntington Bancshares by 8.5% during the 3rd quarter. Atria Investments Inc now owns 248,687 shares of the bank's stock worth $3,656,000 after buying an additional 19,484 shares during the period. Finally, Objective Capital Management LLC bought a new stake in shares of Huntington Bancshares during the 3rd quarter worth about $252,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN traded down $0.11 during trading on Tuesday, reaching $17.64. The company had a trading volume of 12,817,626 shares, compared to its average volume of 16,128,862. The stock's fifty day moving average price is $15.15 and its 200 day moving average price is $14.22. Huntington Bancshares Incorporated has a fifty-two week low of $10.10 and a fifty-two week high of $17.85. The firm has a market capitalization of $25.63 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 3.51 and a beta of 1.03. 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 issued its quarterly earnings data 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 for 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 prior year, the business earned $0.36 earnings per share. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Analyst Ratings Changes

HBAN has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research note on Friday, October 18th. Bank of America increased their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Citigroup raised their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Finally, Baird R W downgraded shares of Huntington Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 26th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.09.

Insider Activity at Huntington Bancshares

In related news, 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 transaction, the insider now owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.89% of the stock is currently owned by company insiders.

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.