Public Employees Retirement System of Ohio Buys 14,482 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Public Employees Retirement System of Ohio grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 565,027 shares of the bank’s stock after acquiring an additional 14,482 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Huntington Bancshares were worth $8,306,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HBAN. Asset Dedication LLC increased its holdings in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS bought a new stake in shares of Huntington Bancshares in the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares during the third quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC purchased a new stake in Huntington Bancshares during the third quarter worth $32,000. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HBAN. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays lifted their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Evercore ISI raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.41.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,699 shares of company stock valued at $757,356. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 1.3 %

HBAN stock opened at $17.17 on Friday. The stock has a market capitalization of $24.94 billion, a P/E ratio of 16.51, a P/E/G ratio of 3.51 and a beta of 1.06. Huntington Bancshares Incorporated has a 52 week low of $11.77 and a 52 week high of $18.44. The firm has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $14.82. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $0.36 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 59.62%.

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.