Concurrent Investment Advisors LLC Has $202,000 Stock Holdings in Huntington Bancshares Incorporated $HBAN

Concurrent Investment Advisors LLC raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,055 shares of the bank’s stock after acquiring an additional 1,004 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Huntington Bancshares were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its stake in shares of 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 worth $3,188,000 after buying an additional 198,796 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Huntington Bancshares by 43.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after buying an additional 28,739 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of Huntington Bancshares by 58.7% in the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock worth $3,362,000 after buying an additional 74,220 shares during the last quarter. Czech National Bank lifted its stake in shares of Huntington Bancshares by 6.6% in the second quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after buying an additional 22,190 shares during the last quarter. Finally, Trinity Financial Advisors LLC lifted its stake in shares of Huntington Bancshares by 1,497.1% in 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 during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Trading Up 2.2%

Shares of Huntington Bancshares stock opened at $15.84 on Tuesday. The company’s fifty day moving average price is $17.08 and its two-hundred day moving average price is $16.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The firm has a market capitalization of $23.11 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.73 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $469.00 million for the quarter. On average, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In other 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 sale, the executive vice president owned 299,361 shares of the company’s stock, 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 through the SEC website. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HBAN. Raymond James Financial restated a “strong-buy” rating and issued a $20.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research note on Monday. TD Cowen boosted their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday. Cowen reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Monday. Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday. Two investment 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.76.

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.