818,596 Shares in Huntington Bancshares Incorporated $HBAN Purchased by Lbp Am Sa

Lbp Am Sa bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 818,596 shares of the bank’s stock, valued at approximately $13,720,000.

Other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in Huntington Bancshares by 1,462.4% during the first quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock worth $3,188,000 after acquiring an additional 198,796 shares in the last quarter. Czech National Bank increased its position in shares of Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after purchasing an additional 22,190 shares in the last quarter. Trinity Financial Advisors LLC lifted its holdings in Huntington Bancshares by 1,497.1% during the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock valued at $4,853,000 after purchasing an additional 268,933 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in 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 purchasing an additional 2,751 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Huntington Bancshares by 13.5% in the first quarter. Brown Advisory Inc. now owns 36,467 shares of the bank’s stock valued at $547,000 after buying an additional 4,347 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Trading Down 0.5%

HBAN stock opened at $17.27 on Wednesday. The company has a market cap of $25.19 billion, a P/E ratio of 12.79, a PEG ratio of 0.84 and a beta of 0.97. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $17.10 and a 200-day moving average of $15.98.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares’s payout ratio is presently 45.93%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HBAN. Citigroup raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 price target (up from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. Morgan Stanley raised their target price on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Truist Financial lifted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.24.

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.