Quadrant Capital Group LLC Has $1.80 Million Holdings in Huntington Bancshares Incorporated $HBAN

Quadrant Capital Group LLC raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 127.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,109 shares of the bank’s stock after purchasing an additional 59,972 shares during the quarter. Quadrant Capital Group LLC’s holdings in Huntington Bancshares were worth $1,795,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HBAN. MTM Investment Management LLC acquired a new position in shares of Huntington Bancshares during the second quarter worth about $25,000. Family Legacy Financial Solutions LLC bought a new stake in Huntington Bancshares in the 2nd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Huntington Bancshares during the 2nd quarter worth approximately $30,000. Quarry LP boosted its position in Huntington Bancshares by 73.0% during the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after acquiring an additional 814 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in shares of Huntington Bancshares by 249.8% during the 2nd quarter. Trust Co. of Vermont now owns 2,690 shares of the bank’s stock worth $45,000 after acquiring an additional 1,921 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 6,416 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $15.65, for a total value of $100,410.40. Following the completion of the sale, the executive vice president directly owned 252,305 shares of the company’s stock, valued at $3,948,573.25. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John C. Inglis bought 6,506 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the acquisition, the director directly owned 89,831 shares in the company, valued at $1,374,414.30. The trade was a 7.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 112,103 shares of company stock worth $1,833,558 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HBAN. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Evercore ISI assumed coverage on shares of Huntington Bancshares in a research note on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target on the stock. Zacks Research raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. DA Davidson restated a “buy” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.64.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $16.27 on Friday. The company has a fifty day moving average price of $16.09 and a two-hundred day moving average price of $16.45. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.13. The stock has a market cap of $23.74 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The company had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.8%. Huntington Bancshares’s dividend payout ratio is currently 43.36%.

Huntington Bancshares 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.