83,245 Shares in Huntington Bancshares Incorporated $HBAN Bought by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,245 shares of the bank's stock, valued at approximately $1,476,000.

Several other large investors have also bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new stake in shares of Huntington Bancshares in the second quarter valued at about $226,000. Transamerica Financial Advisors LLC acquired a new position in shares of Huntington Bancshares in the second quarter worth approximately $139,000. Corient Private Wealth LP acquired a new position in shares of Huntington Bancshares in the second quarter worth approximately $21,187,000. Palogic Value Management L.P. bought a new stake in Huntington Bancshares in the second quarter valued at approximately $898,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Huntington Bancshares during the 2nd quarter valued at approximately $214,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a 50-day moving average of $17.59 and a 200-day moving average of $16.82. The company has a market cap of $34.06 billion, a PE ratio of 13.07, a P/E/G ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting analysts' consensus estimates of $0.39. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same period in the prior year, the business earned $0.34 EPS. 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 fiscal 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 given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares's dividend payout ratio is presently 48.06%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HBAN shares. Bank of America restated a "neutral" rating and set a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Evercore reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, July 6th. Truist Financial increased their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an "overweight" rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $20.24.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the company's stock in a transaction 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 transaction, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over 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. 0.67% of the stock is owned by insiders.

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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