FNY Investment Advisers LLC Invests $83,000 in Huntington Bancshares Incorporated $HBAN

FNY Investment Advisers LLC bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the bank’s stock, valued at approximately $83,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. D.A. Davidson & CO. grew its stake in Huntington Bancshares by 26.8% during the 2nd quarter. D.A. Davidson & CO. now owns 91,886 shares of the bank’s stock valued at $1,540,000 after purchasing an additional 19,435 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Huntington Bancshares by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 591,465 shares of the bank’s stock valued at $9,827,000 after buying an additional 5,219 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Huntington Bancshares during the 2nd quarter valued at approximately $77,000. Uhlmann Price Securities LLC acquired a new stake in shares of Huntington Bancshares during the second quarter worth approximately $193,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Huntington Bancshares in the second quarter worth $7,572,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Down 0.1%

Shares of HBAN opened at $15.86 on Friday. The business’s 50-day moving average price is $17.03 and its 200 day moving average price is $16.16. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $23.14 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.69 and a beta of 0.96. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The company had revenue of $469.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Thursday, July 3rd. Cowen reissued a “buy” rating on shares of Huntington Bancshares in a research report on Monday. DA Davidson boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.76.

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.