Callan Family Office LLC Takes Position in Huntington Bancshares Incorporated $HBAN

Callan Family Office LLC purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 80,590 shares of the bank's stock, valued at approximately $1,429,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HBAN. Fund Advisors of America Inc FL bought a new position in Huntington Bancshares during the 2nd quarter valued at approximately $227,000. G2 Capital Management LLC OH purchased a new position in Huntington Bancshares during the second quarter valued at $215,000. Keebeck Wealth Management bought a new stake in Huntington Bancshares in the second quarter worth $297,000. Keating Financial Advisory Services Inc. bought a new stake in Huntington Bancshares in the second quarter worth $39,000. Finally, Patron Partners LLC purchased a new stake in shares of Huntington Bancshares in the second quarter worth $330,000. Hedge funds and other institutional investors own 80.72% of the company's stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several analyst reports. Robert W. Baird raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, July 24th. 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 note on Tuesday, July 7th. Evercore reissued an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, July 6th. Bank of America restated a "neutral" rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an "overweight" rating in a report on Monday, July 6th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.24.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $17.03 on Monday. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The stock has a fifty day simple moving average of $17.60 and a two-hundred day simple moving average of $16.87. 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 has a market cap of $34.41 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.81 and a beta of 0.94.

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

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 yield of 3.6%. Huntington Bancshares's dividend payout ratio is currently 48.06%.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Kendall A. Kowalski sold 27,971 shares of the firm's 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 sale, the insider owned 70,025 shares of the company's stock, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The sale 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 Huntington Bancshares stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares of the company's stock, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have purchased 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. Company insiders own 0.67% of the company's stock.

Huntington Bancshares Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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