Park National Corp OH Decreases Position in Huntington Bancshares Incorporated $HBAN

Park National Corp OH decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,188 shares of the bank’s stock after selling 3,688 shares during the period. Park National Corp OH’s holdings in Huntington Bancshares were worth $4,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Huntington Bancshares in the first quarter worth about $29,000. Quarry LP boosted its position in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after buying an additional 814 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of Huntington Bancshares in the first quarter worth about $31,000. Golden State Wealth Management LLC boosted its position in shares of Huntington Bancshares by 516.3% in the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after buying 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 worth about $39,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of analyst reports. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Thursday, July 3rd. Truist Financial increased their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group increased their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. DA Davidson increased their price target on Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $18.79.

Huntington Bancshares Trading Up 0.2%

Shares of NASDAQ HBAN opened at $17.77 on Friday. The stock’s 50 day moving average price is $17.00 and its two-hundred day moving average price is $15.80. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The stock has a market capitalization of $25.92 billion, a P/E ratio of 13.16, a PEG ratio of 0.86 and a beta of 0.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

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.