5 Cheap Blue-Chip Dividend Stocks to Invest In

3. Huntington Bancshares Incorporated (NASDAQ: HBAN)

Number of Hedge Fund Holders: 33
Dividend Yield: 3.92%

Share Price as of August 25: $15.30

Huntington Bancshares Incorporated (NASDAQ: HBAN), a regional bank holding company, is based in Columbus, Ohio, and ranks 3rd on our list of cheap blue-chip dividend stocks to invest in. The company owns about $123 billion in assets alongside 839 branches.

Ryan Nash, an analyst at Goldman Sachs, this August reinstated coverage of Huntington Bancshares Incorporated (NASDAQ: HBAN) shares with a Buy rating. The analyst also placed an $18 price target on the stock, indicating a 20% upside.

In the second quarter of 2021, Huntington Bancshares Incorporated (NASDAQ: HBAN) had an EPS of -$0.05, missing estimates by $0.35. The company’s revenue was $1.28 billion, up 8.37% year over year and beating estimates by $9.68 million. Huntington Bancshares Incorporated (NASDAQ: HBAN) has gained 21.82% year to date and 59.71% in the past year.

By the end of the second quarter of 2021, 33 hedge funds out of the 873 tracked by Insider Monkey held stakes in Huntington Bancshares Incorporated (NASDAQ: HBAN) worth roughly $443 million. This is compared to 27 hedge funds in the previous quarter with a total stake value of approximately $154 million.