Integrity Alliance LLC. Buys 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 its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,883 shares of the bank's stock, valued at approximately $238,000.

A number of other institutional investors also recently made changes to their positions in the business. Teacher Retirement System of Texas raised its position in shares of Huntington Bancshares by 1,462.4% during the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank's stock valued at $3,188,000 after acquiring an additional 198,796 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Huntington Bancshares by 11.9% during the 1st quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank's stock valued at $388,000 after acquiring an additional 2,751 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Huntington Bancshares by 13.5% during the 1st quarter. Brown Advisory Inc. now owns 36,467 shares of the bank's stock valued at $547,000 after acquiring an additional 4,347 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Huntington Bancshares by 4.0% during the 1st 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. Finally, NBC Securities Inc. raised its position in shares of Huntington Bancshares by 99,980.0% during the 1st quarter. NBC Securities Inc. now owns 10,008 shares of the bank's stock valued at $150,000 after acquiring an additional 9,998 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HBAN shares. Jefferies Financial Group upped their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Truist Financial increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $21.00 target price (up from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. DA Davidson increased their target price on Huntington Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, 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 research report on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and a consensus target price of $18.79.

Huntington Bancshares Trading Up 0.2%

Shares of HBAN stock opened at $17.77 on Friday. The stock has a 50-day simple moving average of $17.00 and a 200 day simple moving average of $15.79. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The stock has a market capitalization of $25.92 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.86 and a beta of 0.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be given a $0.155 dividend. 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%.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction on Friday, September 5th. The stock was 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 $5,388,498. This trade represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.

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