Czech National Bank Grows Stock Position in Huntington Bancshares Incorporated $HBAN

Czech National Bank increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,575 shares of the bank’s stock after acquiring an additional 42,271 shares during the period. Czech National Bank’s holdings in Huntington Bancshares were worth $7,193,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HBAN. Vanguard Group Inc. increased its stake in Huntington Bancshares by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock worth $3,056,459,000 after purchasing an additional 680,601 shares during the period. Boston Partners boosted its stake in shares of Huntington Bancshares by 3.9% during the third quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock valued at $1,091,615,000 after purchasing an additional 2,363,905 shares during the period. Invesco Ltd. boosted its stake in shares of Huntington Bancshares by 1.5% during the third quarter. Invesco Ltd. now owns 59,062,922 shares of the bank’s stock valued at $1,020,017,000 after purchasing an additional 861,263 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Huntington Bancshares by 15.7% in the third quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after purchasing an additional 4,640,302 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Huntington Bancshares in the second quarter worth approximately $374,474,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Prashant Nateri sold 10,171 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the completion of the transaction, the insider owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James D. Rollins III bought 1,127 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average price of $25.39 per share, for a total transaction of $28,614.53. Following the acquisition, the director owned 4,000 shares in the company, valued at approximately $101,560. This represents a 39.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 27,700 shares of company stock worth $540,401 and sold 108,986 shares worth $1,785,958. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, January 12th. Raymond James Financial increased their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a report on Friday, January 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.63.

Huntington Bancshares Stock Down 2.3%

Shares of Huntington Bancshares stock opened at $15.08 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.45. The company has a market cap of $30.72 billion, a P/E ratio of 10.85, a PEG ratio of 0.63 and a beta of 0.95. The company’s fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $16.87.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period in the prior year, the business posted $0.34 earnings per share. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 annualized dividend and a yield of 4.1%. Huntington Bancshares’s dividend payout ratio (DPR) is 44.60%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.