AMG National Trust Bank Makes New $2.97 Million Investment in Huntington Bancshares Incorporated $HBAN

Key Points

• AMG National Trust Bank acquired 167,589 Huntington Bancshares shares worth approximately $2.97 million in the second quarter. Institutional investors collectively own 80.72% of HBAN’s outstanding stock.
• Huntington reported quarterly EPS of $0.39, matching analyst expectations, while revenue of $2.86 billion exceeded forecasts. The bank also issued a quarterly dividend of $0.155 per share, equating to a 3.5% annualized yield.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus rating and an average price target of $20.11 versus the stock’s recent price of $17.91.

AMG National Trust Bank bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 167,589 shares of the bank's stock, valued at approximately $2,971,000.

A number of other institutional investors have also modified their holdings of the stock. Simplicity Wealth LLC bought a new stake in Huntington Bancshares in the second quarter valued at about $258,000. N.E.W. Advisory Services LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $35,000. HBK Sorce Advisory LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at approximately $354,000. Global Retirement Partners LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at approximately $440,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Huntington Bancshares during the 2nd quarter valued at approximately $229,246,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $4,821,462. The trade was a 3.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the company's 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 completion of the sale, the insider directly owned 70,025 shares of the company's stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by insiders.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $17.91 on Monday. The firm has a fifty day moving average of $17.56 and a 200-day moving average of $16.87. The company has a market cap of $36.19 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. 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 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting analysts' consensus estimates of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.84 billion. During the same quarter last year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares's dividend payout ratio is currently 48.06%.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research reports. Weiss Ratings raised shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, July 6th. Piper Sandler raised shares of Huntington Bancshares from a "strong sell" rating to a "hold" rating and set a $18.00 target price on the stock in a report on Thursday, April 23rd. Barclays downgraded shares of Huntington Bancshares from a "hold" rating to a "strong sell" rating in a research report on Monday, April 20th. Morgan Stanley reaffirmed an "equal weight" rating and set a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Finally, Robert W. Baird increased their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Huntington Bancshares currently has an average rating of "Moderate Buy" and an average target price of $20.11.

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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