89,700 Shares in Huntington Bancshares Incorporated $HBAN Acquired by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors acquired 89,700 Huntington Bancshares shares in the second quarter, valued at approximately $1.59 million. Institutional investors collectively own 80.72% of HBAN’s outstanding stock.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $20.24 price target; recent firms issued buy, overweight, or outperform ratings.
• Huntington reported quarterly EPS of $0.39, matching estimates, and revenue of $2.86 billion. The company declared a quarterly dividend of $0.155 per share, representing a 3.7% annualized yield.

Beacon Pointe Advisors LLC acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 89,700 shares of the bank's stock, valued at approximately $1,590,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in shares of Huntington Bancshares by 5.0% in the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank's stock valued at $434,000 after buying an additional 1,366 shares in the last quarter. Woodline Partners LP boosted its stake in Huntington Bancshares by 40.8% during the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank's stock valued at $1,844,000 after purchasing an additional 35,574 shares during the last quarter. Brown Advisory Inc. boosted its stake in Huntington Bancshares by 8.3% during the 2nd quarter. Brown Advisory Inc. now owns 39,490 shares of the bank's stock valued at $662,000 after purchasing an additional 3,023 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Huntington Bancshares by 6.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank's stock worth $3,674,000 after purchasing an additional 12,865 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Huntington Bancshares by 6.2% in the second quarter. Sei Investments Co. now owns 707,605 shares of the bank's stock worth $11,859,000 after purchasing an additional 41,156 shares during the last quarter. Institutional investors own 80.72% of the company's stock.

Insider Buying and Selling

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 27,971 shares of the 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 completion of the transaction, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares 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 owned 612,155 shares of the company's stock, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HBAN. UBS Group raised their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Wells Fargo & Company assumed coverage on Huntington Bancshares in a research report on Monday, August 17th. They issued an "overweight" rating and a $23.00 price target for the company. Royal Bank Of Canada restated an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, August 18th. Wall Street Zen raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Evercore reiterated an "outperform" rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.24.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $16.92 on Monday. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. 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 firm's 50 day moving average is $17.59 and its 200 day moving average is $16.80. The stock has a market capitalization of $34.19 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares's dividend payout ratio is presently 48.06%.

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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