Zeke Capital Advisors LLC Takes Position in Huntington Bancshares Incorporated (HBAN)

Zeke Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,101 shares of the bank’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its stake in shares of Huntington Bancshares by 16.8% during the fourth quarter. Schroder Investment Management Group now owns 22,882 shares of the bank’s stock valued at $333,000 after purchasing an additional 3,298 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Huntington Bancshares by 3.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 104,776 shares of the bank’s stock valued at $1,526,000 after purchasing an additional 3,700 shares during the last quarter. ClariVest Asset Management LLC grew its stake in shares of Huntington Bancshares by 53.4% during the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after purchasing an additional 3,900 shares during the last quarter. Endurance Wealth Management Inc. grew its stake in shares of Huntington Bancshares by 0.6% during the fourth quarter. Endurance Wealth Management Inc. now owns 838,303 shares of the bank’s stock valued at $12,206,000 after purchasing an additional 5,174 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Huntington Bancshares by 6.5% during the fourth quarter. Advisor Group Inc. now owns 84,620 shares of the bank’s stock valued at $1,233,000 after purchasing an additional 5,180 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have recently commented on HBAN. BidaskClub raised shares of Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th. Zacks Investment Research cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Sandler O’Neill reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 23rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research note on Wednesday, January 24th. Finally, Hilliard Lyons raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.76.

Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded up $0.04 during midday trading on Tuesday, hitting $15.96. 685,249 shares of the stock were exchanged, compared to its average volume of 10,653,175. The company has a market capitalization of $17,714.54, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33. Huntington Bancshares Incorporated has a 52 week low of $12.14 and a 52 week high of $16.60. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. During the same period last year, the firm posted $0.18 earnings per share. analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.76%. Huntington Bancshares’s dividend payout ratio is 44.00%.

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Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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