Czech National Bank Has $5.13 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Czech National Bank raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 314,999 shares of the bank's stock after purchasing an additional 19,123 shares during the quarter. Czech National Bank's holdings in Huntington Bancshares were worth $5,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in shares of Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock valued at $67,000 after purchasing an additional 728 shares during the last quarter. Dillon & Associates Inc. lifted its position in Huntington Bancshares by 5.9% during the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock worth $215,000 after acquiring an additional 795 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Huntington Bancshares by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock worth $917,000 after purchasing an additional 800 shares during the period. Lake Street Advisors Group LLC lifted its holdings in Huntington Bancshares by 5.0% during the 3rd quarter. Lake Street Advisors Group LLC now owns 17,783 shares of the bank's stock worth $264,000 after purchasing an additional 846 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in Huntington Bancshares by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 79,427 shares of the bank's stock valued at $1,168,000 after purchasing an additional 885 shares during the period. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Trading Down 1.2 %

Shares of NASDAQ:HBAN traded down $0.20 during midday trading on Thursday, hitting $16.84. 23,128,760 shares of the stock were exchanged, compared to its average volume of 17,428,906. The business's 50-day moving average price is $17.08 and its 200 day moving average price is $15.42. Huntington Bancshares Incorporated has a 12 month low of $12.02 and a 12 month high of $18.44. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the business posted $0.36 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock worth $757,356 over the last ninety days. Insiders own 0.92% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HBAN. Evercore ISI lifted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Piper Sandler boosted their price target on Huntington Bancshares from $15.00 to $17.50 and gave the company an "underweight" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Truist Financial began coverage on Huntington Bancshares in a research note on Tuesday, January 7th. They issued a "buy" rating and a $19.00 price target for the company. Finally, DA Davidson boosted their price target on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.76.

About Huntington Bancshares

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.