70,407 Huntington Bancshares Incorporated $HBAN Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Huntington Bancshares stake by 82.8% in the third quarter, selling 70,407 shares and retaining 14,649 shares valued at approximately $224,000.
• Institutional investors own 80.72% of Huntington Bancshares, while analysts maintain a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $19.19.
• HBAN opened at $15.27, near its one-year low of $14.82, and offers a quarterly dividend of $0.155 per share, equivalent to a 4.1% annualized yield.

Curated Wealth Partners LLC lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 82.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,649 shares of the bank's stock after selling 70,407 shares during the period. Curated Wealth Partners LLC's holdings in Huntington Bancshares were worth $224,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Values First Advisors Inc. increased its holdings in shares of Huntington Bancshares by 3.0% during the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank's stock worth $322,000 after buying an additional 604 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its position in Huntington Bancshares by 6.1% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank's stock valued at $190,000 after purchasing an additional 608 shares during the period. Vestor Capital LLC boosted its position 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 worth $88,000 after buying an additional 648 shares during the period. Balboa Wealth Partners boosted its position 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 worth $423,000 after buying an additional 662 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Huntington Bancshares by 5.9% in the second quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank's stock valued at $215,000 after buying an additional 679 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group set a $18.00 target price on Huntington Bancshares in a report on Tuesday, October 6th. DA Davidson decreased their price target on Huntington Bancshares from $22.00 to $20.00 and set a "buy" rating for the company in a report on Monday, September 21st. Stephens decreased their price target on Huntington Bancshares from $19.00 to $18.00 in a report on Tuesday, September 22nd. Evercore lowered their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Friday, September 18th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.19.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $15.27 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. Huntington Bancshares Incorporated has a one year low of $14.82 and a one year high of $19.45. The business's 50-day simple moving average is $16.34 and its 200 day simple moving average is $16.67. The stock has a market cap of $30.85 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.97 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior 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, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm 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. This represents a $0.62 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, September 17th. Huntington Bancshares's dividend payout ratio is 48.06%.

Insider Activity at Huntington Bancshares

In other news, insider Kendall Kowalski sold 27,971 shares of the firm's 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 sale, the insider owned 70,025 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company's stock.

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's offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.

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