Danica Pension Livsforsikringsaktieselskab Invests $8.81 Million in Huntington Bancshares Incorporated $HBAN

Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 496,738 shares of the bank's stock, valued at approximately $8,807,000.

Several other large investors also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of Huntington Bancshares during the second quarter valued at $72,000. Diversify Advisory Services LLC acquired a new position in Huntington Bancshares in the 2nd quarter valued at about $389,000. Wealthfront Advisers LLC purchased a new position in Huntington Bancshares in the 2nd quarter valued at about $8,996,000. Foster & Motley Inc. purchased a new position in Huntington Bancshares in the 2nd quarter valued at about $926,000. Finally, Equity Investment Corp acquired a new stake in shares of Huntington Bancshares during the 2nd quarter worth about $201,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on HBAN. Bank of America reaffirmed a "neutral" rating and issued a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. Stephens reduced their price target on Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company started coverage on Huntington Bancshares in a report on Monday. They set an "overweight" rating and a $23.00 price objective on the stock. Jefferies Financial Group set a $18.00 price objective on Huntington Bancshares in a research report on Thursday, July 23rd. Finally, Evercore reiterated an "outperform" rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.24.

Huntington Bancshares Trading Down 1.6%

Shares of HBAN opened at $17.66 on Wednesday. The stock's 50-day moving average is $17.60 and its two-hundred day moving average is $16.88. The stock has a market cap of $35.68 billion, a PE ratio of 13.69, a P/E/G ratio of 0.85 and a beta of 0.94. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91.

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. The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations 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 posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities 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 disclosed 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. 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 48.06%.

Insiders Place Their Bets

In other news, insider Kendall A. Kowalski sold 27,971 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares of the company's stock, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James D. Rollins III sold 223,522 shares of the company's stock in a transaction dated 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 completion of the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by company insiders.

Huntington Bancshares 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.

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