Squarepoint Ops LLC Has $167.12 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Squarepoint Ops LLC raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 48.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,676,829 shares of the bank’s stock after buying an additional 3,138,669 shares during the quarter. Squarepoint Ops LLC owned about 0.66% of Huntington Bancshares worth $167,119,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. MTM Investment Management LLC bought a new stake in shares of Huntington Bancshares in the second quarter valued at about $25,000. South Plains Financial Inc. increased its stake in Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after acquiring an additional 826 shares during the period. Accredited Wealth Management LLC raised its holdings in Huntington Bancshares by 374.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,322 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth approximately $31,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $15.21 on Friday. The business’s fifty day moving average price is $17.53 and its two-hundred day moving average price is $17.04. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $19.45. The stock has a market capitalization of $30.87 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research reports. Stephens boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, December 18th. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Monday, January 12th. Evercore started coverage on shares of Huntington Bancshares in a research note on Tuesday, February 3rd. They issued an “outperform” rating and a $21.00 price objective for the company. Finally, Truist Financial reduced their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $20.68.

Insider Transactions at Huntington Bancshares

In other news, Director James D. Rollins III acquired 6,873 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $23.27 per share, with a total value of $159,934.71. Following the completion of the purchase, the director owned 4,000 shares of the company’s stock, valued at $93,080. This represents a -239.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brendan A. Lawlor sold 17,455 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $18.93, for a total transaction of $330,423.15. Following the sale, the vice president directly owned 42,398 shares of the company’s stock, valued at approximately $802,594.14. The trade was a 29.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 27,700 shares of company stock valued at $540,401 and sold 33,285 shares valued at $627,009. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.