Delek Group Ltd. Acquires New Stake in Huntington Bancshares Incorporated (HBAN)

Delek Group Ltd. acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 800,000 shares of the bank’s stock, valued at approximately $11,719,000. Delek Group Ltd. owned about 0.07% of Huntington Bancshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HBAN. New York State Common Retirement Fund boosted its position in shares of Huntington Bancshares by 2.0% during the 3rd quarter. New York State Common Retirement Fund now owns 2,354,300 shares of the bank’s stock worth $32,866,000 after purchasing an additional 47,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Huntington Bancshares by 0.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,695,998 shares of the bank’s stock valued at $37,626,000 after purchasing an additional 8,236 shares during the last quarter. Quantbot Technologies LP raised its stake in Huntington Bancshares by 2,596.1% in the 3rd quarter. Quantbot Technologies LP now owns 66,485 shares of the bank’s stock valued at $928,000 after purchasing an additional 64,019 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in Huntington Bancshares by 5.1% in the 3rd quarter. Commonwealth Equity Services Inc now owns 182,722 shares of the bank’s stock valued at $2,550,000 after purchasing an additional 8,920 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Huntington Bancshares by 82.1% during the 3rd quarter. SG Americas Securities LLC now owns 207,995 shares of the bank’s stock valued at $2,904,000 after acquiring an additional 93,799 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

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Shares of NASDAQ:HBAN traded up $0.34 during trading on Thursday, hitting $14.99. 8,667,227 shares of the stock were exchanged, compared to its average volume of 10,245,879. Huntington Bancshares Incorporated has a 1-year low of $12.14 and a 1-year high of $16.60. The firm has a market capitalization of $16,391.73, a PE ratio of 15.30, a PEG ratio of 1.04 and a beta of 1.33. 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 posted its earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same quarter last year, the company earned $0.18 EPS. sell-side analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were given a $0.11 dividend. The ex-dividend date was Friday, March 16th. This represents a $0.44 annualized dividend and a yield of 2.94%. Huntington Bancshares’s payout ratio is 44.90%.

A number of brokerages have recently issued reports on HBAN. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Sandler O’Neill restated a “buy” rating and issued a $18.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 23rd. Vining Sparks restated a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 23rd. Piper Jaffray reiterated a “buy” rating and set a $17.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 9th. Finally, Bank of America upped their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Huntington Bancshares currently has a consensus rating of “Buy” and an average target price of $16.98.

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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.

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

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