Huntington Bancshares Incorporated $HBAN Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its Huntington Bancshares holdings by 22.2% in the second quarter, adding 160,699 shares to own 883,320 shares worth approximately $15.7 million. Institutional investors collectively own 80.72% of HBAN.
• Huntington Bancshares reported quarterly earnings of $0.39 per share, matching analyst estimates, while revenue of $2.86 billion exceeded expectations. The bank also declared a quarterly dividend of $0.155 per share, implying a 3.7% annualized yield.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $20.24 versus the stock’s recent price of $16.86. Two company insiders sold shares, though one transaction was conducted under a pre-arranged Rule 10b5-1 plan.

Baird Financial Group Inc. lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 22.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 883,320 shares of the bank's stock after acquiring an additional 160,699 shares during the period. Baird Financial Group Inc.'s holdings in Huntington Bancshares were worth $15,661,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HBAN. MV Capital Management Inc. acquired a new position in Huntington Bancshares in the 4th quarter worth $25,000. Palisade Asset Management LLC acquired a new position in shares of Huntington Bancshares in the third quarter worth about $26,000. Centennial Bank AR acquired a new position in shares of Huntington Bancshares in the fourth quarter worth about $28,000. Trust Co. of Vermont purchased a new position in Huntington Bancshares in the second quarter valued at about $29,000. Finally, Johnson Financial Group Inc. purchased a new position in Huntington Bancshares in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 80.72% of the company's stock.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy Hingst sold 10,568 shares of the firm's stock in a transaction on Thursday, June 25th. The shares were 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 in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Up 0.8%

HBAN stock opened at $16.86 on Friday. 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 firm has a market capitalization of $34.06 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.92 and a beta of 0.92. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The company's 50 day simple moving average is $17.41 and its 200-day simple moving average is $16.74.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results 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 business had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.84 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities research analysts anticipate 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. Investors of record on Thursday, September 17th will be issued 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 3.7%. Huntington Bancshares's dividend payout ratio is currently 48.06%.

Analyst Ratings Changes

A number of equities analysts have commented on HBAN shares. Wells Fargo & Company began coverage on shares of Huntington Bancshares in a report on Monday, August 17th. They issued an "overweight" rating and a $23.00 price objective for the company. Stephens dropped their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, August 18th. Bank of America reaffirmed a "neutral" rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research note on Friday, July 24th. One equities research 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. According to MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $20.24.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.

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