266,178 Shares in Huntington Bancshares Incorporated $HBAN Acquired by Nykredit A S

Key Points

• Nykredit A/S acquired 266,178 shares of Huntington Bancshares during the second quarter, worth approximately $4.7 million. Institutional investors now own 80.72% of the bank’s outstanding stock.
• Analysts remain broadly positive, with Huntington carrying a “Moderate Buy” consensus rating and an average price target of $20.11, above its reported $16.04 opening price.
• Huntington reported quarterly earnings of $0.39 per share, matching estimates, and announced a quarterly dividend of $0.155 per share—an annualized $0.62 dividend yielding about 3.9%.

Nykredit A S acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 266,178 shares of the bank's stock, valued at approximately $4,719,000.

Several other institutional investors have also recently bought and sold shares of HBAN. MV Capital Management Inc. acquired a new stake in Huntington Bancshares in the fourth quarter worth $25,000. Centennial Bank AR acquired a new stake in shares of Huntington Bancshares during the fourth quarter worth $28,000. Trust Co. of Vermont bought a new stake in Huntington Bancshares in the 2nd quarter valued at $29,000. Johnson Financial Group Inc. bought a new stake in Huntington Bancshares in the 2nd quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Huntington Bancshares in the 2nd quarter worth $35,000. Institutional investors own 80.72% of the company's stock.

Insider Activity

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 27,971 shares of the company's stock in a transaction 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 transaction, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HBAN. Weiss Ratings upgraded shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Jefferies Financial Group set a $18.00 price objective on shares of Huntington Bancshares in a report on Thursday, July 23rd. UBS Group lifted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Finally, Truist Financial lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.11.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $16.04 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The stock has a market cap of $32.41 billion, a PE ratio of 12.43, a P/E/G ratio of 0.91 and a beta of 0.92. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The business's 50-day moving average price is $17.21 and its two-hundred day moving average price is $16.71.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter last year, the business posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.53 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

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

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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