Integrity Alliance LLC. Acquires Shares of 15,883 Huntington Bancshares Incorporated $HBAN

Key Points

• Integrity Alliance LLC acquired a new stake in Huntington Bancshares by purchasing 15,883 shares, valued at approximately $238,000, during the first quarter.
• Multiple institutional investors, including the Teacher Retirement System of Texas, reported significant increases in their positions in Huntington Bancshares, with ownership by institutional investors now at 80.72%.
• Wall Street analysts have issued a range of ratings on Huntington Bancshares, with a consensus target price of $18.79 and multiple "buy" ratings from firms like Jefferies Financial Group and Truist Financial.

Integrity Alliance LLC. bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,883 shares of the bank's stock, valued at approximately $238,000.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position 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 buying an additional 198,796 shares during the last quarter. QRG Capital Management Inc. boosted its position in Huntington Bancshares by 11.9% in the first quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank's stock valued at $388,000 after buying an additional 2,751 shares during the last quarter. Brown Advisory Inc. boosted its position in Huntington Bancshares by 13.5% in the first quarter. Brown Advisory Inc. now owns 36,467 shares of the bank's stock valued at $547,000 after buying an additional 4,347 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position 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 buying an additional 4,321 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in Huntington Bancshares by 99,980.0% in the first quarter. NBC Securities Inc. now owns 10,008 shares of the bank's stock valued at $150,000 after buying an additional 9,998 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN traded up $0.33 during midday trading on Thursday, reaching $17.87. 32,517,066 shares of the company's stock traded hands, compared to its average volume of 25,434,394. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The company has a market cap of $26.07 billion, a P/E ratio of 13.24, a PEG ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89. The company has a fifty day simple moving average of $17.01 and a two-hundred day simple moving average of $15.83.

Huntington Bancshares Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. Huntington Bancshares's dividend payout ratio (DPR) is 45.93%.

Analyst Ratings Changes

A number of equities research analysts recently commented on HBAN shares. DA Davidson upped their target price on Huntington Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Wolfe Research upgraded Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research report on Thursday, July 3rd. Raymond James Financial restated a "strong-buy" rating and issued a $21.00 price objective (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Finally, Citigroup upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.79.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.89% of the stock is owned by company insiders.

Huntington Bancshares 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.