Two Sigma Investments LP increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 432.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 41,497 shares of the bank’s stock after buying an additional 53,997 shares during the quarter. Two Sigma Investments LP’s holdings in Huntington Bancshares were worth $604,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kovack Advisors Inc. bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $147,000. Mariner Wealth Advisors LLC bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $158,000. Signition LP bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $171,000. CIBC World Markets Inc. bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $201,000. Finally, Broadleaf Partners LLC bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $202,000. Institutional investors own 73.91% of the company’s stock.
HBAN stock opened at $14.99 on Friday. Huntington Bancshares Incorporated has a twelve month low of $12.14 and a twelve month high of $16.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $16,149.22, a PE ratio of 14.95, a P/E/G ratio of 1.02 and a beta of 1.33.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.94%. Huntington Bancshares’s payout ratio is currently 44.90%.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th. Sandler O’Neill restated a “buy” rating and set a $18.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 23rd. BMO Capital Markets restated a “hold” rating and set a $18.00 price target on shares of Huntington Bancshares in a research note on Wednesday, January 24th. Hilliard Lyons upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, February 9th. Finally, Zacks Investment Research downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Huntington Bancshares currently has a consensus rating of “Buy” and an average target price of $16.98.
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.
Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN).
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.