B. Metzler seel. Sohn & Co. AG Takes $17.04 Million Position in Huntington Bancshares Incorporated $HBAN

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 960,793 Huntington Bancshares shares during the second quarter, worth approximately $17.04 million. Institutional investors collectively own 80.72% of HBAN’s outstanding stock.
• Analysts maintain a generally positive view, with an overall “Moderate Buy” consensus and an average price target of $20.24, compared with the stock’s Friday opening price of $17.01.
• Huntington Bancshares reported quarterly EPS of $0.39, in line with estimates, and revenue of $2.86 billion. The bank also declared a quarterly dividend of $0.155 per share, equivalent to a 3.6% annualized yield.

B. Metzler seel. Sohn & Co. AG purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 960,793 shares of the bank's stock, valued at approximately $17,035,000.

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

Wall Street Analyst Weigh In

HBAN has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Weiss Ratings upgraded Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, July 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday. UBS Group upped their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Finally, Piper Sandler upgraded 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. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.24.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $17.01 on Friday. The company has a market cap of $34.37 billion, a P/E ratio of 13.19, a PEG 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. The business's 50-day simple moving average is $17.61 and its 200 day simple moving average is $16.88. 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 (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS 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 period in the previous year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares's dividend payout ratio (DPR) is presently 48.06%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the 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 transaction, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. This represents a 26.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. The trade was a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have purchased 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 currently owned by corporate 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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