Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $5.03 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period.

A number of other institutional investors also recently modified their holdings of HBAN. Empowered Funds LLC lifted its position in shares of Huntington Bancshares by 8.7% during the 3rd quarter. Empowered Funds LLC now owns 24,266 shares of the bank’s stock valued at $357,000 after acquiring an additional 1,946 shares during the period. Thrivent Financial for Lutherans increased its stake in Huntington Bancshares by 9.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 127,518 shares of the bank’s stock valued at $1,877,000 after purchasing an additional 11,452 shares in the last quarter. Quest Partners LLC increased its stake in Huntington Bancshares by 1,093,900.0% during the 3rd quarter. Quest Partners LLC now owns 21,880 shares of the bank’s stock valued at $322,000 after purchasing an additional 21,878 shares in the last quarter. Pathstone Holdings LLC increased its stake in Huntington Bancshares by 5.9% during the 3rd quarter. Pathstone Holdings LLC now owns 172,716 shares of the bank’s stock valued at $2,542,000 after purchasing an additional 9,692 shares in the last quarter. Finally, Prospera Financial Services Inc increased its stake in Huntington Bancshares by 21.7% during the 3rd quarter. Prospera Financial Services Inc now owns 20,019 shares of the bank’s stock valued at $294,000 after purchasing an additional 3,576 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Robert W. Baird upgraded shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Friday, March 7th. 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.35.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the transaction, the chief financial officer now directly owns 335,538 shares in the company, valued at approximately $4,825,036.44. The trade was a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares of the company’s stock, valued at $6,647,402.43. This 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 company insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $15.02 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The business has a fifty day simple moving average of $16.23 and a two-hundred day simple moving average of $16.12. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.45. The company has a market capitalization of $21.94 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the prior year, the company earned $0.27 earnings per share. On average, analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Huntington Bancshares 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.