Czech National Bank Buys 18,907 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Czech National Bank increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 333,906 shares of the bank's stock after buying an additional 18,907 shares during the period. Czech National Bank's holdings in Huntington Bancshares were worth $5,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC raised its holdings in shares of Huntington Bancshares by 17,533.3% during the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after purchasing an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after acquiring an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Huntington Bancshares in the 4th quarter valued at approximately $37,000. Transce3nd LLC bought a new position in shares of Huntington Bancshares in the 4th quarter valued at approximately $48,000. Finally, Venturi Wealth Management LLC boosted its position in Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after purchasing an additional 702 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Trading Up 3.0%

Shares of HBAN traded up $0.48 on Friday, reaching $16.22. 30,775,984 shares of the company's stock were exchanged, compared to its average volume of 18,447,743. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $23.69 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92. The business has a 50 day moving average price of $14.69 and a two-hundred day moving average price of $15.84. Huntington Bancshares Incorporated has a 12 month low of $11.92 and a 12 month high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.89 billion. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company earned $0.27 earnings per share. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares announced that its board has initiated a stock buyback program on Thursday, April 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the bank to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, June 17th. Huntington Bancshares's dividend payout ratio is presently 47.33%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 42,345 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $14.72, for a total transaction of $623,318.40. Following the sale, the insider now directly owns 592,119 shares of the company's stock, valued at approximately $8,715,991.68. This represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kendall A. Kowalski sold 3,434 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $14.50, for a total transaction of $49,793.00. Following the sale, the insider now directly owns 66,847 shares in the company, valued at $969,281.50. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 312,456 shares of company stock valued at $4,464,105 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Argus set a $17.00 price target on shares of Huntington Bancshares in a research report on Friday, April 25th. Cowen began coverage on shares of Huntington Bancshares in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. Raymond James restated a "strong-buy" rating and set a $18.00 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, April 21st. Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price target on the stock in a research report on Friday, March 7th. Finally, TD Cowen started coverage on Huntington Bancshares in a research report on Thursday, May 15th. They issued a "buy" rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Huntington Bancshares has an average rating of "Moderate Buy" and an average price target of $17.83.

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.