Lanto Griffin recovered from a rain-delayed double-bogey finish to his second round earlier Saturday to post a 7-under-65 - the day's best score - and secure a single-stroke lead through 54 holes of the Houston Open.
Malnati shot a 73, including bogeys on two of his first three holes and two of his last three.
Hubbard, another victor on the Korn Ferry Tour last season who also is seeking his first PGA Tour title, made a 19-foot putt on the 17th hole for his third straight birdie and sank a nine-footer to save par on the last hole of a second straight 69.
Rookie Brandon Wu, who helped Stanford win the NCAA Championship in May, carded a 69 and is three back in a tie for sixth with first-round co-leaders Austin Cook (70) and Talor Gooch (72), Carlos Ortiz of Mexico (71), Sepp Straka of Austria (72) and Scott Harrington (72). A couple of underwhelming wedge shots may have cost him back-nine birdies.
He took advantage with three birdies and an eagle. To compose no bogeys within the conditions we played is basically better than I may perchance presumably well perchance also bear ever hoped for. Harrington missed a 15-foot birdie putt on the 18th and shot 67. The University of Texas sophomore couldn't have made his regular PGA Tour debut more memorable, becoming one of just nine amateurs to birdie at least eight holes in a round on tour since 1996.
Hubbard had the lead until he missed his only fairway of the final round on the par-5 15th, into the high grass of a hazard.
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Hubbard went out in 4-under 32 but failed to make a birdie after that.
Hubbard had one last chance with a bold tee shot on the 18th, one of the toughest driving holes on the PGA TOUR with water down the left side and a large bunker to the right.
"I felt eerily calm". I'm playing really smart and my short game has improved a ton.
With the win, Griffin gets a two-year exemption on the PGA TOUR.
Griffin has finished in the top 20 in all four events of the new PGA Tour season, without earning many headlines. Straka is tied with Nick Watney (14 holes) and Lanto Griffin (13).