2,903,063 Shares in Huntington Bancshares Incorporated $HBAN Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,903,063 shares of the bank's stock, valued at approximately $51,471,000. Huntington Bancshares comprises approximately 1.4% of Ceredex Value Advisors LLC's holdings, making the stock its 3rd biggest holding. Ceredex Value Advisors LLC owned about 0.14% of Huntington Bancshares as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Values First Advisors Inc. raised its stake in Huntington Bancshares by 3.0% in the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank's stock worth $322,000 after acquiring an additional 604 shares during the last quarter. MCF Advisors LLC grew its stake in Huntington Bancshares by 12.6% during the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank's stock valued at $95,000 after purchasing an additional 609 shares during the last quarter. Vestor Capital LLC increased its holdings in shares of Huntington Bancshares by 13.0% in the first quarter. Vestor Capital LLC now owns 5,636 shares of the bank's stock valued at $88,000 after purchasing an additional 648 shares during the period. Balboa Wealth Partners increased its holdings in shares of Huntington Bancshares by 2.5% in the first quarter. Balboa Wealth Partners now owns 27,042 shares of the bank's stock valued at $423,000 after purchasing an additional 662 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Huntington Bancshares by 4.3% in the third quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank's stock worth $292,000 after purchasing an additional 694 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Trading Down 0.9%

Huntington Bancshares stock opened at $17.01 on Friday. The firm has a market cap of $34.37 billion, a PE ratio of 13.19, a P/E/G ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The stock's 50 day simple moving average is $17.61 and its two-hundred day simple moving average is $16.88. 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 (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period in the prior year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares's dividend payout ratio is presently 48.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HBAN shares. Evercore reiterated an "outperform" rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. Morgan Stanley reissued an "equal weight" rating and set a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Bank of America restated a "neutral" rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, July 6th. Finally, Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average price target of $20.24.

Insider Transactions at Huntington Bancshares

In other news, Director James D. Rollins III sold 223,522 shares of the firm's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the sale, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. This trade represents a 26.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the transaction, the executive vice president owned 267,859 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders have bought 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. Corporate insiders own 0.67% of the company's stock.

About Huntington Bancshares

Huntington Bancshares Incorporated NASDAQ: HBAN is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company's operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington's product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.

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