Oregon Public Employees Retirement Fund Boosts Stock Holdings in Huntington Bancshares Incorporated $HBAN

Oregon Public Employees Retirement Fund grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 32.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,524 shares of the bank’s stock after purchasing an additional 41,462 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Huntington Bancshares were worth $2,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after buying an additional 35,014 shares during the period. FineMark National Bank & Trust raised its position in shares of Huntington Bancshares by 59.2% in the 2nd quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after acquiring an additional 65,144 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after acquiring an additional 28,739 shares in the last quarter. Shoker Investment Counsel Inc. lifted its stake in shares of Huntington Bancshares by 1,706.3% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after purchasing an additional 189,462 shares during the last quarter. Finally, Boston Partners boosted its position in Huntington Bancshares by 4.8% during the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after purchasing an additional 2,776,429 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HBAN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Jefferies Financial Group increased their target price on shares of Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 6th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Finally, Royal Bank Of Canada upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.03.

Insider Buying and Selling

In other news, insider Amit Dhingra sold 10,000 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $18.50, for a total value of $185,000.00. Following the sale, the insider owned 155,634 shares in the company, valued at $2,879,229. This represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Helga Houston sold 64,587 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following the transaction, the insider directly owned 534,640 shares of the company’s stock, valued at approximately $8,222,763.20. This trade represents a 10.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,863 shares of company stock worth $1,581,634 in the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of HBAN opened at $18.24 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The company’s fifty day moving average price is $16.82 and its 200-day moving average price is $16.83. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.62. The firm has a market capitalization of $28.72 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $580.00 million during the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were given a $0.155 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.4%. Huntington Bancshares’s dividend payout ratio is currently 43.36%.

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.