B. Metzler seel. Sohn & Co. AG increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 20.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 960,793 shares of the bank's stock after purchasing an additional 161,970 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Huntington Bancshares were worth $17,035,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HBAN. Empowered Funds LLC boosted its stake in Huntington Bancshares by 5.0% in the 1st 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 raised its stake in Huntington Bancshares by 40.8% during the first quarter. Woodline Partners LP now owns 122,821 shares of the bank's stock worth $1,844,000 after acquiring an additional 35,574 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Huntington Bancshares by 8.3% during the second quarter. Brown Advisory Inc. now owns 39,490 shares of the bank's stock valued at $662,000 after acquiring an additional 3,023 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Huntington Bancshares by 6.2% during the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank's stock valued at $3,674,000 after acquiring an additional 12,865 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Huntington Bancshares by 6.2% in the 2nd quarter. Sei Investments Co. now owns 707,605 shares of the bank's stock valued at $11,859,000 after purchasing an additional 41,156 shares in the last quarter. 80.72% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on HBAN. Stephens lowered their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Friday, July 24th. Weiss Ratings raised shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, July 6th. Morgan Stanley restated an "equal weight" rating and issued a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. UBS Group upped their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.24.
View Our Latest Research Report on HBAN
Huntington Bancshares Stock Up 2.8%
NASDAQ HBAN opened at $16.88 on Thursday. The stock has a market capitalization of $34.10 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. 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 fifty day moving average of $17.55 and a 200-day moving average of $16.78.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The firm 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 period last year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid 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 payout ratio is 48.06%.
Insider Activity at Huntington Bancshares
In related news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction on 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 sale, the director directly owned 612,155 shares of the company's stock, valued at $10,620,889.25. This represents a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 262,061 shares of company stock worth $4,549,432 over the last ninety days. Company insiders own 0.67% of the company's stock.
About Huntington Bancshares
(
Free Report)
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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