205,194 Shares of Huntington Bancshares Incorporated $HBAN Acquired by Community Trust & Investment Co.

Key Points

• Community Trust & Investment Co. acquired 205,194 Huntington Bancshares shares worth approximately $3.13 million in the third quarter. Institutional investors collectively own 80.72% of HBAN’s outstanding stock.
• Huntington Bancshares reported quarterly EPS of $0.39, in line with analyst expectations, and revenue of $2.86 billion, slightly above estimates. The bank maintains a quarterly dividend of $0.155 per share, representing a 4.0% annualized yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $19.19 price target versus the stock’s reported $15.35 price. Shares were recently trading near the lower end of their 12-month range of $14.82 to $19.45.

Community Trust & Investment Co. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 205,194 shares of the bank's stock, valued at approximately $3,131,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Assenagon Asset Management S.A. grew its stake in shares of Huntington Bancshares by 565.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,926,745 shares of the bank's stock valued at $136,222,000 after buying an additional 7,584,294 shares during the period. Mainsail Asset Management LLC raised its position in Huntington Bancshares by 6.5% in the third quarter. Mainsail Asset Management LLC now owns 13,273 shares of the bank's stock valued at $203,000 after purchasing an additional 812 shares during the period. B.A. Schrock Wealth Management Inc. acquired a new stake in shares of Huntington Bancshares in the third quarter valued at about $164,000. Summit Financial Strategies Inc. lifted its position in shares of Huntington Bancshares by 8.4% during the third quarter. Summit Financial Strategies Inc. now owns 41,151 shares of the bank's stock worth $628,000 after purchasing an additional 3,195 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in Huntington Bancshares in the 3rd quarter valued at about $843,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 1.7%

NASDAQ HBAN opened at $15.35 on Friday. The business's 50-day moving average price is $16.38 and its two-hundred day moving average price is $16.67. 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 $14.82 and a 12 month high of $19.45. The firm has a market capitalization of $31.01 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.96 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%. During the same period in the previous year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.54 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were paid a dividend of $0.1550 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. Huntington Bancshares's payout ratio is presently 48.06%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen began coverage on Huntington Bancshares in a research report on Thursday, October 8th. They issued a "buy" rating and a $18.00 target price for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, August 18th. UBS Group set a $18.00 target price on Huntington Bancshares in a research report on Tuesday, October 6th. Wells Fargo & Company cut their target price on shares of Huntington Bancshares from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, September 16th. Finally, Truist Financial cut their price target on shares of Huntington Bancshares from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $19.19.

Insider Buying and Selling

In other news, insider Kendall Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company's stock.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.