14,482,331 Shares in Huntington Bancshares Incorporated $HBAN Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 14.48 million Huntington Bancshares shares worth approximately $256.8 million, giving it a 0.72% stake. Institutional investors collectively own 80.72% of HBAN.
• Huntington lowered its FY 2026 and FY 2027 EPS guidance below analyst consensus, raising concerns about earnings momentum; bearish options activity also increased as traders bought 6,134 put contracts.
• HBAN shares opened at $15.82, below the $20.15 analyst consensus price target, while the company maintains a quarterly dividend of $0.155 per share, representing an annualized yield of about 3.9%.

Bank of America Corp DE purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,482,331 shares of the bank's stock, valued at approximately $256,772,000. Bank of America Corp DE owned about 0.72% of Huntington Bancshares as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its holdings in shares of Huntington Bancshares by 24.5% during the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank's stock worth $9,248,000 after purchasing an additional 104,965 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in Huntington Bancshares by 688.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank's stock worth $1,500,000 after buying an additional 75,516 shares during the period. Hsbc Holdings PLC grew its position in shares of Huntington Bancshares by 25.4% in the 4th quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank's stock worth $141,625,000 after buying an additional 1,652,464 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Huntington Bancshares during the second quarter valued at approximately $16,579,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Huntington Bancshares by 991.7% during the first quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank's stock valued at $1,073,000 after acquiring an additional 61,397 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Huntington Bancshares News

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Huntington raised its prime rate from 6.75% to 7.00%. Higher lending rates could support net interest income and banking margins, depending on deposit costs and loan demand. Huntington Bancshares Increases its Prime Rate
• Positive Sentiment: Wells Fargo lowered its HBAN price target to $21 from $23 but maintained an “overweight” rating, implying substantial potential upside from current trading levels. The target reduction reflects more cautious expectations but the retained rating remains supportive.
• Neutral Sentiment: Huntington presented at the Barclays 24th Annual Global Financial Services Conference, giving investors additional information about its strategy and operating outlook. No major new catalyst was identified in the conference update. Huntington Bancshares Barclays Conference Presentation
• Negative Sentiment: Huntington cut its FY 2026 EPS guidance to $1.52–$1.54, below the $1.60 consensus estimate, and reduced FY 2027 guidance to $1.75–$1.83 versus an $1.88 consensus. The lowered outlook raises concerns about earnings momentum and was the primary reason for the pressure on the stock. Huntington Bancshares Shares Fall After Lowering Earnings Guidance
• Negative Sentiment: Options activity became unusually bearish, with traders purchasing 6,134 put options—111% above the average daily volume. This signals increased demand for downside protection or speculative bets against HBAN.

Insiders Place Their Bets

In other news, EVP Marcy C. Hingst sold 10,568 shares of the firm's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the transaction, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is currently owned by insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.82 on Thursday. The company's fifty day moving average price is $17.33 and its 200-day moving average price is $16.72. The stock has a market cap of $31.96 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares's payout ratio is presently 48.06%.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research analyst reports. Evercore reaffirmed an "outperform" rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, July 6th. Royal Bank Of Canada reissued an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Wells Fargo & Company decreased their price objective on shares of Huntington Bancshares from $23.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday. Bank of America reaffirmed a "neutral" rating and issued a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Finally, Stephens cut their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.15.

Huntington Bancshares Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.

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