Park Place Capital Corp Sells 5,109 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Park Place Capital Corp trimmed its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 16.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,019 shares of the bank’s stock after selling 5,109 shares during the period. Park Place Capital Corp’s holdings in Huntington Bancshares were worth $382,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HBAN. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares in the first quarter worth approximately $29,000. Peoples Bank KS bought a new position in Huntington Bancshares during the third quarter valued at approximately $29,000. YHB Investment Advisors Inc. bought a new position in Huntington Bancshares during the first quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. grew its position in Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,003 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in Huntington Bancshares during the first quarter valued at approximately $40,000. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the transaction, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the transaction, the chief financial officer now directly owns 265,809 shares in the company, valued at $4,021,690.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the transaction, the insider now owns 65,899 shares of the company’s stock, valued at $987,167.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,622 shares of company stock valued at $1,762,904. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $14.73 on Wednesday. The stock has a fifty day moving average of $14.31 and a 200 day moving average of $13.84. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24. The firm has a market capitalization of $21.35 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 3.07 and a beta of 1.04. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.21%. The ex-dividend date was Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler increased their price target on shares of Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Royal Bank of Canada increased their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Baird R W cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. cut their target price on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Finally, Jefferies Financial Group cut their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.71.

Huntington Bancshares Company Profile

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.