Jackson Square Capital LLC Takes $210,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Jackson Square Capital LLC bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, HoldingsChannel reports. The firm bought 14,299 shares of the bank’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently modified their holdings of the business. Blake Schutter Theil Wealth Advisors LLC bought a new position in Huntington Bancshares in the 3rd quarter worth about $168,000. Centennial Wealth Advisory LLC boosted its stake in Huntington Bancshares by 3.9% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 40,267 shares of the bank’s stock worth $592,000 after purchasing an additional 1,505 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Huntington Bancshares in the 3rd quarter worth about $77,000. Robeco Institutional Asset Management B.V. boosted its stake in Huntington Bancshares by 40.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank’s stock worth $2,837,000 after purchasing an additional 55,865 shares in the last quarter. Finally, Fort Pitt Capital Group LLC bought a new position in Huntington Bancshares in the 3rd quarter worth about $454,000. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of Huntington Bancshares in a research note on Friday, October 18th. Argus boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Barclays boosted their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. DA Davidson upped their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Bank of America upped their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.09.

Huntington Bancshares Stock Up 12.7 %

NASDAQ HBAN opened at $17.52 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $25.45 billion, a P/E ratio of 16.85, a P/E/G ratio of 3.14 and a beta of 1.03. Huntington Bancshares Incorporated has a one year low of $10.10 and a one year high of $17.53. The stock has a 50 day moving average price of $14.99 and a 200-day moving average price of $14.14.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the prior year, the company earned $0.36 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.2 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.54%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

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.