Crestline Management LP Buys Shares of 365,000 Huntington Bancshares Incorporated (HBAN)

Crestline Management LP bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 365,000 shares of the bank’s stock, valued at approximately $5,095,000. Huntington Bancshares comprises approximately 0.7% of Crestline Management LP’s portfolio, making the stock its 9th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Huntington Bancshares by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock valued at $1,487,068,000 after acquiring an additional 2,558,854 shares during the last quarter. Capital International Investors lifted its position in Huntington Bancshares by 13.2% in the third quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock worth $694,080,000 after buying an additional 5,800,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Huntington Bancshares by 20.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock worth $167,172,000 after buying an additional 2,065,131 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Huntington Bancshares by 2.9% in the second quarter. TIAA CREF Investment Management LLC now owns 9,911,920 shares of the bank’s stock worth $134,009,000 after buying an additional 279,415 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Huntington Bancshares by 10.8% in the second quarter. Wells Fargo & Company MN now owns 7,422,603 shares of the bank’s stock worth $100,354,000 after buying an additional 724,176 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

Huntington Bancshares Incorporated (NASDAQ:HBAN) opened at $14.85 on Monday. The company has a market capitalization of $16,050.00, a price-to-earnings ratio of 15.47, a PEG ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares Incorporated has a 52 week low of $12.14 and a 52 week high of $14.93.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm earned $0.11 EPS. analysts forecast that Huntington Bancshares Incorporated will post 0.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s payout ratio is 38.55%.

A number of analysts recently issued reports on HBAN shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.25 price target on shares of Huntington Bancshares in a research report on Friday, October 13th. Nomura raised their price target on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Sanford C. Bernstein upgraded Huntington Bancshares from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $15.00 to $17.00 in a research note on Thursday, September 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research note on Friday, September 8th. Finally, JMP Securities started coverage on Huntington Bancshares in a research note on Thursday, August 31st. They issued an “outperform” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.46.

In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Helga Houston sold 14,513 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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Huntington Bancshares 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.

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

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