Huntington Bancshares Incorporated $HBAN Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 29.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,524 shares of the bank’s stock after purchasing an additional 52,500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Huntington Bancshares were worth $3,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MV Capital Management Inc. acquired a new position in Huntington Bancshares during the 4th quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $26,000. South Plains Financial Inc. lifted its position in shares of Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after purchasing an additional 826 shares during the last quarter. Centennial Bank AR bought a new position in shares of Huntington Bancshares during the fourth quarter worth about $28,000. Finally, DV Equities LLC acquired a new position in Huntington Bancshares in the fourth quarter worth about $38,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the transaction, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares in the company, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 33,500 shares of company stock worth $617,542. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the topic of several research reports. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Truist Financial reduced their price objective on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $20.25.

Huntington Bancshares Stock Performance

HBAN stock traded up $0.11 during midday trading on Friday, reaching $17.87. The company had a trading volume of 14,157,471 shares, compared to its average volume of 19,734,146. The firm has a market capitalization of $36.22 billion, a PE ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 0.93. The stock has a 50 day moving average price of $16.73 and a 200 day moving average price of $16.91. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the firm earned $0.34 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a dividend of $0.155 per share. The ex-dividend date was Wednesday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares’s dividend payout ratio is currently 47.69%.

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.