Czech National Bank Increases Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Czech National Bank grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 276,169 shares of the bank’s stock after purchasing an additional 21,336 shares during the quarter. Czech National Bank’s holdings in Huntington Bancshares were worth $3,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HBAN. Wetzel Investment Advisors Inc. bought a new stake in Huntington Bancshares during the fourth quarter valued at approximately $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares during the 1st quarter worth $29,000. Nemes Rush Group LLC grew its position in shares of Huntington Bancshares by 140.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,391 shares during the period. YHB Investment Advisors Inc. purchased a new stake in shares of Huntington Bancshares in the 1st quarter worth $30,000. Finally, Register Financial Advisors LLC bought a new position in Huntington Bancshares in the 1st quarter worth $40,000. Institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 7,278 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the transaction, the insider now directly owns 648,904 shares in the company, valued at approximately $8,851,050.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Helga Houston sold 7,278 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the sale, the insider now directly owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,900 shares of company stock worth $1,862,176. 0.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Argus boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Morgan Stanley increased their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada lifted their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Finally, Evercore ISI dropped their target price on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.59.

Huntington Bancshares Price Performance

NASDAQ HBAN traded down $0.05 during trading on Monday, hitting $13.56. 3,418,730 shares of the stock traded hands, compared to its average volume of 17,310,814. 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 Incorporated has a 12-month low of $9.25 and a 12-month high of $15.24. The firm has a 50-day simple moving average of $13.49 and a 200-day simple moving average of $13.41. The company has a market capitalization of $19.65 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 2.94 and a beta of 1.06.

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

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.

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.