Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,270 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,912 shares of the bank’s stock after selling 7,270 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Huntington Bancshares were worth $5,026,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Creative Capital Management Investments LLC increased its position in shares of Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock worth $26,000 after acquiring an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd grew its position in Huntington Bancshares by 126.8% in the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,023 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Huntington Bancshares in the fourth quarter valued at $37,000. Asset Dedication LLC lifted its stake in Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on HBAN shares. Baird R W upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Barclays increased their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Piper Sandler cut their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, Morgan Stanley cut their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $18.35.

Insider Buying and Selling

In other news, CFO Zachary Jacob Wasserman sold 38,451 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the transaction, the chief financial officer now owns 335,538 shares in the company, valued at approximately $4,825,036.44. The trade was a 10.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott D. Kleinman sold 69,088 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the transaction, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $15.02 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $16.12.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the firm posted $0.27 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 4.13%. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.