New York State Common Retirement Fund Cuts Stake in Huntington Bancshares Incorporated $HBAN

New York State Common Retirement Fund cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.5% during the third quarter, HoldingsChannel.com reports. The firm owned 789,022 shares of the bank’s stock after selling 29,000 shares during the period. New York State Common Retirement Fund’s holdings in Huntington Bancshares were worth $13,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HBAN. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after acquiring an additional 35,014 shares in the last quarter. FineMark National Bank & Trust grew its position in Huntington Bancshares by 59.2% during the 2nd quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after purchasing an additional 65,144 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Huntington Bancshares during the 3rd quarter valued at approximately $3,746,000. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Huntington Bancshares by 43.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after buying an additional 28,739 shares during the last quarter. Finally, Shoker Investment Counsel Inc. lifted its stake in shares of Huntington Bancshares by 1,706.3% during the second quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after buying an additional 189,462 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Amit Dhingra sold 10,000 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $18.50, for a total transaction of $185,000.00. Following the completion of the transaction, the insider directly owned 155,634 shares in the company, valued at approximately $2,879,229. This represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the sale, the insider owned 534,640 shares in the company, valued at approximately $8,222,763.20. This trade represents a 10.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,863 shares of company stock valued at $1,581,634 over the last ninety days. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Up 2.3%

HBAN stock opened at $17.88 on Tuesday. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. The firm’s fifty day moving average is $17.50 and its 200 day moving average is $16.89. The firm has a market cap of $28.16 billion, a PE ratio of 12.86, a P/E/G ratio of 0.71 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the company posted $0.34 EPS. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.60%.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. Piper Sandler raised their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, January 22nd. Argus upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. DA Davidson reissued a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.26.

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.