Deutsche Bank AG Invests $129.34 Million in Huntington Bancshares Incorporated $HBAN

Key Points

• Deutsche Bank acquired 7.29 million Huntington Bancshares shares worth approximately $129.3 million, representing a 0.36% stake. Institutional investors collectively own 80.72% of HBAN.
• Huntington reported quarterly EPS of $0.39, in line with estimates, while revenue of $2.86 billion exceeded expectations. The bank declared a quarterly dividend of $0.155 per share, implying a 3.6% annualized yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $20.24 versus a recent price of $17.17. However, insiders sold 262,061 shares during the last quarter, substantially more than they purchased.

Deutsche Bank AG purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,294,843 shares of the bank's stock, valued at approximately $129,338,000. Deutsche Bank AG owned 0.36% of Huntington Bancshares as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HBAN. CIBC Asset Management Inc boosted its position in shares of Huntington Bancshares by 24.5% during 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 grew its stake in Huntington Bancshares by 688.9% in the fourth 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 during the period. Hsbc Holdings PLC raised its holdings in Huntington Bancshares by 25.4% in the fourth 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 raised its holdings in Huntington Bancshares by 991.7% in the first quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank's stock worth $1,073,000 after purchasing an additional 61,397 shares in the last quarter. Finally, SouthState Bank Corp lifted its position in Huntington Bancshares by 19,902.9% during the first 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 period. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Price Performance

HBAN opened at $17.17 on Thursday. The company's 50-day simple moving average is $17.61 and its two-hundred 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. The stock has a market capitalization of $34.69 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.84 and a beta of 0.94. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter 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. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

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

Insider Activity at Huntington Bancshares

In other news, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction that occurred 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 sale, the director owned 612,155 shares in the company, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 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 corporate insiders.

Wall Street Analyst Weigh In

HBAN has been the topic of several research reports. Evercore reissued an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, July 6th. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Morgan Stanley reiterated an "equal weight" rating and set a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Wall Street Zen raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Robert W. Baird upped their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.24.

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.

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