Strs Ohio Has $26.11 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Strs Ohio increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,505,092 shares of the bank’s stock after buying an additional 123,510 shares during the quarter. Strs Ohio’s holdings in Huntington Bancshares were worth $26,113,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Huntington Bancshares during the 4th quarter worth approximately $210,000. Danske Bank A S raised its stake in shares of Huntington Bancshares by 8.5% in the fourth quarter. Danske Bank A S now owns 1,431,055 shares of the bank’s stock worth $24,829,000 after purchasing an additional 111,949 shares during the last quarter. Salzhauer Michael raised its stake in shares of Huntington Bancshares by 509.9% in the fourth quarter. Salzhauer Michael now owns 116,107 shares of the bank’s stock worth $2,014,000 after purchasing an additional 97,070 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Huntington Bancshares by 12.6% in the fourth quarter. New York State Teachers Retirement System now owns 1,228,700 shares of the bank’s stock worth $21,318,000 after purchasing an additional 137,616 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Huntington Bancshares by 10.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 425,961 shares of the bank’s stock worth $7,390,000 after purchasing an additional 41,488 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huntington Bancshares news, Director Gary Torgow bought 14,200 shares of Huntington Bancshares stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $17.81 per share, with a total value of $252,902.00. Following the completion of the acquisition, the director directly owned 943,341 shares in the company, valued at approximately $16,800,903.21. The trade was a 1.53% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brendan A. Lawlor sold 17,455 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total value of $330,423.15. Following the completion of the transaction, the vice president directly owned 42,398 shares of the company’s stock, valued at approximately $802,594.14. This represents a 29.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 39,200 shares of company stock valued at $756,724 and sold 98,986 shares valued at $1,600,958. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on HBAN shares. Barclays downgraded Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Wall Street Zen raised Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. DA Davidson lowered their price objective on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Stock Performance

HBAN stock opened at $16.63 on Friday. The firm has a market cap of $33.87 billion, a PE ratio of 12.79, a P/E/G ratio of 0.77 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $16.23 and a 200-day moving average of $16.73. Huntington Bancshares Incorporated has a 12-month low of $14.78 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same period in the prior year, the company posted $0.34 earnings per share. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares’s dividend payout ratio is currently 47.69%.

Huntington Bancshares Company Profile

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.