Huntington Bancshares Incorporated $HBAN Stock Holdings Increased by Czech National Bank

Key Points

• Czech National Bank increased its holdings in Huntington Bancshares by 6.6% during Q2, bringing its ownership to 356,096 shares valued at approximately $5.97 million.
• Huntington Bancshares has announced a quarterly dividend of $0.155 per share, with a yield of 3.5%, to be paid on October 1st to investors of record.
• Brokerage firms are optimistic about the stock, with Raymond James raising its target price to $21.00 and maintaining a "strong-buy" rating, amid multiple upgrades and a consensus average price target of $18.79.

Czech National Bank boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,096 shares of the bank's stock after buying an additional 22,190 shares during the quarter. Czech National Bank's holdings in Huntington Bancshares were worth $5,968,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Teacher Retirement System of Texas boosted its holdings in Huntington Bancshares by 1,462.4% in the first quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank's stock valued at $3,188,000 after purchasing an additional 198,796 shares during the last quarter. Trinity Financial Advisors LLC grew its position in shares of Huntington Bancshares by 1,497.1% during the second quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank's stock worth $4,853,000 after buying an additional 268,933 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Huntington Bancshares by 11.9% during the first quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank's stock worth $388,000 after buying an additional 2,751 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Huntington Bancshares by 13.5% in the first quarter. Brown Advisory Inc. now owns 36,467 shares of the bank's stock worth $547,000 after buying an additional 4,347 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Huntington Bancshares by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 111,990 shares of the bank's stock valued at $1,681,000 after acquiring an additional 4,321 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen downgraded Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Jefferies Financial Group upped their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Wolfe Research raised Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 target price on the stock in a report on Thursday, July 3rd. Finally, Truist Financial boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.84.

Huntington Bancshares Stock Performance

HBAN traded down $0.39 during trading on Monday, reaching $17.33. 21,662,693 shares of the company were exchanged, compared to its average volume of 26,378,456. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $17.02 and a 200 day moving average of $15.87. The stock has a market cap of $25.28 billion, a P/E ratio of 12.84, a PEG ratio of 0.86 and a beta of 0.96.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio (DPR) is 45.93%.

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 dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.

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.