Penserra Capital Management LLC Has $632,000 Position in Huntington Bancshares Incorporated $HBAN

Penserra Capital Management LLC grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 358.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,691 shares of the bank’s stock after acquiring an additional 28,696 shares during the period. Penserra Capital Management LLC’s holdings in Huntington Bancshares were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in Huntington Bancshares in the 2nd quarter valued at about $374,474,000. Fisher Asset Management LLC grew its position in shares of Huntington Bancshares by 1,700.0% in the second quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock valued at $56,164,000 after purchasing an additional 3,164,915 shares during the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Huntington Bancshares by 14,950.0% during the second quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock worth $50,359,000 after purchasing an additional 2,984,764 shares during the period. Boston Partners increased its stake in shares of Huntington Bancshares by 4.8% during the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock worth $1,020,382,000 after purchasing an additional 2,776,429 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Huntington Bancshares by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock worth $2,954,792,000 after purchasing an additional 2,343,244 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HBAN shares. National Bankshares set a $21.00 target price on Huntington Bancshares in a report on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a report on Wednesday, January 7th. TD Cowen raised their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, January 12th. Finally, Jefferies Financial Group increased their price target on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.48.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $19.27 on Friday. The firm’s fifty day moving average price is $17.72 and its two-hundred day moving average price is $16.95. The stock has a market cap of $30.35 billion, a PE ratio of 13.86, a PEG ratio of 0.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $19.46.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $2.21 billion. During the same period in the prior year, the company earned $0.34 EPS. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.2%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.60%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Amit Dhingra sold 10,000 shares of Huntington Bancshares stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $18.50, for a total transaction of $185,000.00. Following the transaction, the insider directly owned 155,634 shares of the company’s stock, valued at approximately $2,879,229. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kendall A. Kowalski sold 2,481 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $17.80, for a total value of $44,161.80. Following the completion of the sale, the insider owned 71,566 shares in the company, valued at $1,273,874.80. This trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 103,693 shares of company stock valued at $1,693,220 in the last quarter. Insiders own 0.89% of the company’s stock.

About Huntington Bancshares

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.