Huntington Bancshares Incorporated (HBAN) Shares Sold by Teacher Retirement System of Texas
Teacher Retirement System of Texas lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 84.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,603 shares of the bank’s stock after selling 411,261 shares during the quarter. Teacher Retirement System of Texas’ holdings in Huntington Bancshares were worth $997,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. HC Financial Advisors Inc. increased its holdings in shares of Huntington Bancshares by 11.3% in the third quarter. HC Financial Advisors Inc. now owns 147,049 shares of the bank’s stock valued at $2,194,000 after buying an additional 14,965 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Huntington Bancshares by 2.7% in the third quarter. Legal & General Group Plc now owns 4,860,345 shares of the bank’s stock valued at $72,516,000 after buying an additional 127,962 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Huntington Bancshares by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 33,309 shares of the bank’s stock valued at $397,000 after buying an additional 1,326 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Huntington Bancshares by 13.2% in the fourth quarter. Virtu Financial LLC now owns 48,814 shares of the bank’s stock valued at $582,000 after buying an additional 5,697 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Huntington Bancshares by 29.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 328,855 shares of the bank’s stock valued at $3,920,000 after buying an additional 75,235 shares in the last quarter. Hedge funds and other institutional investors own 77.97% of the company’s stock.
In other news, Director Kathleen H. Ransier sold 3,067 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total value of $43,858.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark E. Thompson sold 20,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $13.97, for a total transaction of $279,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,225 shares of company stock worth $1,022,768. Company insiders own 1.22% of the company’s stock.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.28 EPS. The company’s revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.22%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 46.67%.
HBAN has been the topic of several research reports. ValuEngine raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Vining Sparks reaffirmed a “buy” rating and issued a $18.00 price target on shares of Huntington Bancshares in a report on Thursday, January 24th. BidaskClub cut Huntington Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Jefferies Financial Group cut Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a report on Monday, January 28th. Finally, Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Huntington Bancshares has a consensus rating of “Hold” and an average target price of $16.10.
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Huntington Bancshares Company 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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