Huntington Bancshares Incorporated $HBAN Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 472,825 shares of the bank’s stock after purchasing an additional 117,127 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Huntington Bancshares were worth $7,400,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in Huntington Bancshares in the 4th quarter worth about $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares in the 3rd quarter valued at about $26,000. Centennial Bank AR acquired a new position in shares of Huntington Bancshares during the 4th quarter valued at about $28,000. DV Equities LLC acquired a new position in shares of Huntington Bancshares during the 4th quarter valued at about $38,000. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of Huntington Bancshares by 403.1% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 2,611 shares of the bank’s stock worth $45,000 after acquiring an additional 2,092 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HBAN shares. Stephens assumed coverage on shares of Huntington Bancshares in a report on Monday, June 15th. They issued an “equal weight” rating and a $19.00 target price for the company. Barclays downgraded shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Weiss Ratings upgraded shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. The Goldman Sachs Group lowered their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Morgan Stanley upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Insider Buying and Selling at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction 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 directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction on 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 sale, the executive vice president owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders bought 33,500 shares of company stock valued at $617,542 in the last three months. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Down 0.4%

Shares of NASDAQ:HBAN opened at $17.85 on Wednesday. The stock has a 50-day simple moving average of $16.78 and a 200-day simple moving average of $16.90. The stock has a market capitalization of $36.18 billion, a P/E ratio of 13.73, a PEG ratio of 0.81 and a beta of 0.93. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.16 by $0.21. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter last year, the firm posted $0.34 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a $0.155 dividend. The ex-dividend date of this dividend 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 presently 47.69%.

About Huntington Bancshares

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.