Huntington Bancshares Incorporated $HBAN Shares Sold by Park Place Capital Corp

Park Place Capital Corp lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,041 shares of the bank’s stock after selling 1,224 shares during the period. Park Place Capital Corp’s holdings in Huntington Bancshares were worth $344,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC acquired a new position in shares of Huntington Bancshares in the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Huntington Bancshares in the first quarter valued at approximately $29,000. Quarry LP grew its holdings in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Huntington Bancshares in the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC grew its holdings 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 valued at $33,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HBAN shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Jefferies Financial Group lifted their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Thursday, July 3rd. Finally, Morgan Stanley lifted their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $19.24.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 0.5%

Shares of NASDAQ:HBAN opened at $17.27 on Wednesday. The company has a market capitalization of $25.19 billion, a PE ratio of 12.79, a P/E/G ratio of 0.84 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The firm has a 50 day simple moving average of $17.10 and a 200-day simple moving average of $15.98.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares’s payout ratio is currently 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.