Huntington Bancshares Incorporated $HBAN Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 29.2% in the 1st quarter, HoldingsChannel reports. The firm owned 232,524 shares of the bank’s stock after purchasing an additional 52,500 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Huntington Bancshares were worth $3,639,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of HBAN. MV Capital Management Inc. acquired a new stake in Huntington Bancshares in the fourth quarter worth about $25,000. Palisade Asset Management LLC acquired a new position in Huntington Bancshares during the 3rd quarter valued at about $26,000. South Plains Financial Inc. raised its position in shares of Huntington Bancshares by 116.3% during the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after buying an additional 826 shares in the last quarter. Centennial Bank AR bought a new stake in shares of Huntington Bancshares during the 4th quarter worth about $28,000. Finally, DV Equities LLC acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $38,000. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of research analyst reports. Barclays lowered shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Piper Sandler raised Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group dropped their price objective on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Weiss Ratings raised Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, UBS Group boosted their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Huntington Bancshares Price Performance

Huntington Bancshares stock traded up $0.11 during mid-day trading on Friday, hitting $17.87. The company’s stock had a trading volume of 14,157,471 shares, compared to its average volume of 19,734,146. The stock has a market capitalization of $36.22 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 0.93. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The stock’s fifty day moving average price is $16.73 and its two-hundred day moving average price is $16.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

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

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. Huntington Bancshares’s payout ratio is 47.69%.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 10,568 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the transaction, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have bought 33,500 shares of company stock valued at $617,542. 0.67% of the stock is currently owned by company insiders.

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.