Commerzbank Aktiengesellschaft FI bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 96,971 shares of the bank's stock, valued at approximately $1,719,000.
A number of other hedge funds have also added to or reduced their stakes in the business. CIBC Asset Management Inc grew its stake in Huntington Bancshares by 24.5% in the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank's stock valued at $9,248,000 after purchasing an additional 104,965 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Huntington Bancshares by 688.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank's stock worth $1,500,000 after purchasing an additional 75,516 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Huntington Bancshares by 25.4% during the 4th quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank's stock worth $141,625,000 after purchasing an additional 1,652,464 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Huntington Bancshares by 991.7% in the 1st quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank's stock valued at $1,073,000 after buying an additional 61,397 shares during the last quarter. Finally, SouthState Bank Corp boosted its holdings in shares of Huntington Bancshares by 19,902.9% in the 1st quarter. SouthState Bank Corp now owns 131,819 shares of the bank's stock valued at $2,063,000 after buying an additional 131,160 shares during the last quarter. Institutional investors own 80.72% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Barclays downgraded shares of Huntington Bancshares from a "hold" rating to a "strong sell" rating in a report on Monday, April 20th. Robert W. Baird increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Bank of America reissued a "neutral" rating and issued a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. UBS Group boosted 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, Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.24.
View Our Latest Stock Analysis on Huntington Bancshares
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 dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm's 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 sale, the executive vice president owned 267,859 shares of the company's stock, valued at $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. 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. 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. 0.67% of the stock is owned by company insiders.
Huntington Bancshares Trading Up 0.2%
Shares of Huntington Bancshares stock opened at $17.95 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The business has a fifty day simple moving average of $17.59 and a two-hundred day simple moving average of $16.88. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a market capitalization of $36.27 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.85 and a beta of 0.94.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period in the previous year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.
Huntington Bancshares Dividend Announcement
The business 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 $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. Huntington Bancshares's dividend payout ratio is 48.06%.
Huntington Bancshares Profile
(
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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