Czech National Bank Acquires 19,123 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Czech National Bank increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Trinity Financial Advisors LLC bought a new stake in shares of Huntington Bancshares in the fourth quarter worth approximately $190,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Huntington Bancshares by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 202,309 shares of the bank’s stock worth $3,292,000 after purchasing an additional 2,932 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Huntington Bancshares in the 4th quarter worth approximately $168,000. Fortem Financial Group LLC raised its stake in Huntington Bancshares by 3.3% during the 4th quarter. Fortem Financial Group LLC now owns 83,244 shares of the bank’s stock valued at $1,354,000 after buying an additional 2,621 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. bought a new position in shares of Huntington Bancshares during the 4th quarter valued at $179,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

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 on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,699 shares of company stock worth $757,356. Company insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HBAN. The Goldman Sachs Group raised their target price on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. DA Davidson raised their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a report on Monday, October 21st. Citigroup upped their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research note on Monday, December 23rd. Finally, StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $17.76.

Huntington Bancshares Trading Up 2.7 %

Shares of Huntington Bancshares stock opened at $17.04 on Thursday. The firm’s 50-day moving average price is $17.09 and its 200 day moving average price is $15.40. Huntington Bancshares Incorporated has a twelve month low of $12.02 and a twelve month high of $18.44. The firm has a market capitalization of $24.76 billion, a PE ratio of 16.38, a P/E/G ratio of 3.42 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company posted $0.36 EPS. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

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.