Equitable Holdings Inc. bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 61,642 shares of the bank's stock, valued at approximately $1,093,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HBAN. CIBC Asset Management Inc increased its position in Huntington Bancshares by 24.5% during the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank's stock worth $9,248,000 after acquiring an additional 104,965 shares during the period. Creative Financial Designs Inc. ADV grew its position 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 grew its position 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. OMERS ADMINISTRATION Corp bought a new position in shares of Huntington Bancshares during the second quarter worth approximately $16,579,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Huntington Bancshares by 991.7% during 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 during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Bancshares Price Performance
Shares of HBAN stock opened at $16.92 on Friday. The business has a fifty day simple moving average of $17.59 and a 200 day simple moving average of $16.82. The company has a market cap of $34.19 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.80 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its 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. The firm had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter in the previous year, the business 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 EPS for the current fiscal 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 issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares's payout ratio is 48.06%.
Wall Street Analyst Weigh In
HBAN has been the subject of several recent research reports. Bank of America reiterated a "neutral" rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. Stephens cut their target price on Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating for the company in a research report on Friday, July 24th. Wells Fargo & Company assumed coverage on Huntington Bancshares in a report on Monday, August 17th. They set an "overweight" rating and a $23.00 target price on the stock. Weiss Ratings raised Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, July 6th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.24.
Read Our Latest Report on HBAN
Insider Buying and Selling
In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the business's 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 sale, the director owned 612,155 shares of the company's stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the company's stock in a transaction 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 transaction, 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 three months, insiders purchased 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. 0.67% of the stock is owned by corporate insiders.
Huntington Bancshares Company Profile
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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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Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report).
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