Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,123 shares of the bank’s stock after purchasing an additional 39,351 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Huntington Bancshares were worth $3,028,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tyler Stone Wealth Management acquired a new stake in shares of Huntington Bancshares during the 2nd quarter worth about $25,000. Clear Street Markets LLC grew its position in Huntington Bancshares by 81.6% in the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,272 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Huntington Bancshares in the 1st quarter valued at about $35,000. Coppell Advisory Solutions Corp. acquired a new position in Huntington Bancshares in the 4th quarter valued at about $46,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in Huntington Bancshares in the 3rd quarter valued at about $35,000. 78.68% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have weighed in on HBAN shares. Wolfe Research raised Huntington Bancshares from an “underperform” rating to a “peer perform” rating in a research report on Monday, October 23rd. Morgan Stanley lifted their target price on Huntington Bancshares from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. StockNews.com downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Evercore ISI upgraded Huntington Bancshares from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $10.50 to $15.00 in a research note on Wednesday, January 3rd. Finally, Citigroup lifted their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.40.
Huntington Bancshares Price Performance
Shares of NASDAQ HBAN opened at $12.66 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $15.54. The stock has a 50 day moving average of $12.59 and a two-hundred day moving average of $11.40. The stock has a market cap of $18.33 billion, a P/E ratio of 10.21 and a beta of 1.11.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.
Huntington Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Friday, March 15th. Huntington Bancshares’s dividend payout ratio is currently 50.00%.
Insider Buying and Selling at Huntington Bancshares
In other news, insider Helga Houston sold 2,750 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $10.97, for a total value of $30,167.50. Following the transaction, the insider now owns 592,764 shares of the company’s stock, valued at $6,502,621.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.89% of the stock is owned by company insiders.
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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).
- Five stocks we like better than Huntington Bancshares
- How to Calculate Inflation Rate
- CF Industries stock leaves competitors in the dust
- Profitably Trade Stocks at 52-Week Highs
- Salesforce and MongoDB: 2 must-own tech stocks
- Why Invest in 5G? How to Invest in 5G Stocks
- Udemy stock got boosted by analysts, massive growth at discounts
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.