Park National Corp OH Trims Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Park National Corp OH lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.1% during the third quarter, Holdings Channel.com reports. The firm owned 241,483 shares of the bank’s stock after selling 27,078 shares during the period. Park National Corp OH’s holdings in Huntington Bancshares were worth $3,446,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HBAN. Cornerstone Advisors Inc. raised its position in Huntington Bancshares by 106.5% in the second quarter. Cornerstone Advisors Inc. now owns 2,305 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,189 shares during the period. HM Payson & Co. purchased a new stake in Huntington Bancshares in the second quarter valued at $40,000. CSat Investment Advisory L.P. raised its position in Huntington Bancshares by 155.7% in the second quarter. CSat Investment Advisory L.P. now owns 3,759 shares of the bank’s stock valued at $52,000 after purchasing an additional 2,289 shares during the period. AdvisorNet Financial Inc raised its position in Huntington Bancshares by 28.5% in the second quarter. AdvisorNet Financial Inc now owns 4,414 shares of the bank’s stock valued at $61,000 after purchasing an additional 980 shares during the period. Finally, Meridian Wealth Management LLC purchased a new stake in Huntington Bancshares in the first quarter valued at $63,000. Institutional investors own 75.13% of the company’s stock.

In related news, EVP Nancy E. Maloney sold 2,604 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $14.57, for a total transaction of $37,940.28. Following the completion of the transaction, the executive vice president now directly owns 80,103 shares of the company’s stock, valued at approximately $1,167,100.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.22% of the company’s stock.

A number of brokerages have recently weighed in on HBAN. Nomura set a $14.00 price objective on Huntington Bancshares and gave the company a “hold” rating in a research note on Friday, July 26th. BMO Capital Markets cut Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 price objective for the company. in a research note on Monday, July 8th. ValuEngine raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday. DA Davidson cut Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Friday, September 13th. They noted that the move was a valuation call. Finally, Raymond James set a $14.00 price objective on Huntington Bancshares and gave the company a “buy” rating in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Huntington Bancshares currently has a consensus rating of “Hold” and a consensus target price of $15.28.

Shares of NASDAQ HBAN traded down $0.12 during trading on Thursday, reaching $13.55. The stock had a trading volume of 1,126,460 shares, compared to its average volume of 8,416,736. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $15.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50-day moving average price is $13.62 and its 200-day moving average price is $13.50. The company has a market cap of $14.81 billion, a P/E ratio of 11.29, a PEG ratio of 1.56 and a beta of 1.45.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 25th. The bank reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a return on equity of 14.23% and a net margin of 25.77%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.30 EPS. Huntington Bancshares’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts forecast that Huntington Bancshares Incorporated will post 1.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.43%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, September 16th. Huntington Bancshares’s payout ratio is presently 50.00%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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