60,263 Shares in Huntington Bancshares Incorporated $HBAN Purchased by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 60,263 shares of the bank's stock, valued at approximately $1,068,000.

Several other hedge funds have also made changes to their positions in HBAN. MV Capital Management Inc. purchased a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares during the third quarter worth $26,000. Centennial Bank AR acquired a new stake in Huntington Bancshares during the fourth quarter worth $28,000. Trust Co. of Vermont purchased a new stake in Huntington Bancshares in the second quarter valued at $29,000. Finally, Johnson Financial Group Inc. purchased a new stake in Huntington Bancshares in the second quarter valued at $31,000. Hedge funds and other institutional investors own 80.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, August 18th. Truist Financial boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Stephens decreased 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 report on Friday, July 24th. Wells Fargo & Company began coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They set an "overweight" rating and a $23.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an "overweight" rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of "Moderate Buy" and a consensus target price of $20.24.

Huntington Bancshares Trading Up 0.1%

Shares of NASDAQ HBAN opened at $17.04 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $34.43 billion, a PE ratio of 13.21, a PEG ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The stock has a fifty day simple moving average of $17.59 and a 200-day simple moving average of $16.86.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its 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 return on equity of 11.19% and a net margin of 16.64%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given 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 currently 48.06%.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 10,568 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $190,224.00. Following the sale, the executive vice president directly owned 267,859 shares of the company's stock, valued at $4,821,462. This represents a 3.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 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.

Huntington Bancshares Profile

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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