Strs Ohio Boosts Holdings in Huntington Bancshares Incorporated $HBAN

Strs Ohio boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,008,252 shares of the bank’s stock after buying an additional 31,359 shares during the quarter. Strs Ohio owned 0.14% of Huntington Bancshares worth $33,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new stake in shares of Huntington Bancshares during the second quarter valued at $25,000. Quarry LP boosted its stake in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares during the second quarter valued at $30,000. Golden State Wealth Management LLC boosted its stake in shares of Huntington Bancshares by 516.3% during the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,869 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in shares of Huntington Bancshares in the first quarter valued at approximately $39,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $15.32 on Friday. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The stock has a fifty day moving average price of $16.92 and a 200-day moving average price of $16.27. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The firm has a market cap of $22.35 billion, a PE ratio of 10.71, a P/E/G ratio of 0.66 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The firm had revenue of $469.00 million during the quarter. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio is 43.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen boosted their price target on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Thursday, July 3rd. Citigroup lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Stephens lifted their price objective on Huntington Bancshares from $18.00 to $19.00 in a report on Friday, October 17th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $20.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.82.

About Huntington Bancshares

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.