Teacher Retirement System of Texas Grows Position in Huntington Bancshares Incorporated $HBAN

Teacher Retirement System of Texas grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 221,787 shares of the bank’s stock after acquiring an additional 9,397 shares during the quarter. Teacher Retirement System of Texas’ holdings in Huntington Bancshares were worth $3,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HBAN. Vanguard Personalized Indexing Management LLC lifted its position in Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after buying an additional 35,014 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after acquiring an additional 28,739 shares during the period. Shell Asset Management Co. lifted its holdings in shares of Huntington Bancshares by 58.7% during the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock valued at $3,362,000 after acquiring an additional 74,220 shares in the last quarter. Czech National Bank lifted its holdings 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 valued at $5,968,000 after acquiring an additional 22,190 shares in the last quarter. Finally, Trinity Financial Advisors LLC boosted its position 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 worth $4,853,000 after purchasing an additional 268,933 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

HBAN has been the topic of several research reports. Citigroup raised their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. TD Cowen raised their target price on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. DA Davidson restated a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, October 28th. Evercore ISI assumed coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.82.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $15.44 on Friday. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.44. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock has a market cap of $22.52 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 0.66 and a beta of 0.96. The stock has a 50 day moving average of $16.88 and a 200-day moving average of $16.30.

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

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 43.36%.

Insider Buying and Selling

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

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.