66,098 Shares in Huntington Bancshares Incorporated $HBAN Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 66,098 Huntington Bancshares shares worth approximately $1.17 million in the second quarter. Institutional investors collectively own 80.72% of the bank’s stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $20.24 price target. Recent quarterly results met expectations at $0.39 EPS, while revenue of $2.86 billion exceeded estimates.
• Huntington declared a quarterly dividend of $0.155 per share, equivalent to an annualized $0.62 payout and a 3.6% yield. Insiders sold substantially more stock than they purchased over the past 90 days.

Landscape Capital Management L.L.C. bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,098 shares of the bank's stock, valued at approximately $1,172,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MV Capital Management Inc. purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in Huntington Bancshares during the third quarter worth about $26,000. Centennial Bank AR bought a new stake in Huntington Bancshares in the 4th quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. bought a new stake in Huntington Bancshares in the second quarter worth $31,000. 80.72% of the stock is currently owned by institutional investors.

Insider Transactions at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 27,971 shares of the business's stock in a transaction dated 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 $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Rollins III sold 223,522 shares of the 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 completion of the transaction, the director directly owned 612,155 shares of the company's stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. Corporate insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. boosted their target price on Huntington Bancshares from $18.50 to $19.50 and gave the company an "overweight" rating in a research note on Monday, July 6th. Morgan Stanley restated an "equal weight" rating and set a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Stephens reduced their price target on 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. Finally, 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. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.24.

Huntington Bancshares Price Performance

HBAN opened at $17.03 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $34.41 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. The stock's 50 day moving average price is $17.60 and its 200-day moving average price is $16.87. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The company 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 quarter last year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current 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 issued a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares's dividend payout ratio is 48.06%.

Huntington Bancshares Company 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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