Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Decreased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,796 shares of the bank’s stock after selling 3,793 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Huntington Bancshares were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HBAN. SG Americas Securities LLC boosted its position in shares of Huntington Bancshares by 18.8% during the 4th quarter. SG Americas Securities LLC now owns 86,009 shares of the bank’s stock valued at $1,094,000 after purchasing an additional 13,605 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Huntington Bancshares by 6.4% in the fourth quarter. Pacer Advisors Inc. now owns 96,858 shares of the bank’s stock worth $1,232,000 after buying an additional 5,794 shares during the period. Schechter Investment Advisors LLC boosted its holdings in shares of Huntington Bancshares by 158.1% in the fourth quarter. Schechter Investment Advisors LLC now owns 29,637 shares of the bank’s stock worth $377,000 after buying an additional 18,156 shares during the period. Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares in the fourth quarter worth about $33,000. Finally, Blue Trust Inc. boosted its holdings in shares of Huntington Bancshares by 12.0% in the fourth quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after buying an additional 904 shares during the period. Institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HBAN. Piper Sandler raised their target price on shares of Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Royal Bank of Canada increased their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Bank of America increased their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, UBS Group cut their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.47.

Insider Activity

In related news, VP Rajeev Syal sold 27,265 shares of Huntington Bancshares stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $13.51, for a total value of $368,350.15. Following the completion of the transaction, the vice president now directly owns 397,173 shares of the company’s stock, valued at $5,365,807.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Kendall A. Kowalski sold 15,711 shares of Huntington Bancshares stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $13.84, for a total value of $217,440.24. Following the completion of the transaction, the insider now directly owns 65,195 shares of the company’s stock, valued at $902,298.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rajeev Syal sold 27,265 shares of Huntington Bancshares stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $13.51, for a total value of $368,350.15. Following the completion of the transaction, the vice president now directly owns 397,173 shares of the company’s stock, valued at $5,365,807.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,165 shares of company stock worth $2,301,069. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock traded up $0.07 during midday trading on Friday, hitting $15.13. The company had a trading volume of 17,412,332 shares, compared to its average volume of 20,461,926. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $15.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The business’s 50 day simple moving average is $13.45 and its two-hundred day simple moving average is $13.31. The stock has a market cap of $21.93 billion, a PE ratio of 13.63, a P/E/G ratio of 3.09 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be paid a $0.155 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.10%. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

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.