Free Trial

Inscription Capital LLC Acquires New Shares in Huntington Bancshares Incorporated $HBAN

Huntington Bancshares logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • Inscription Capital bought a new stake of 77,833 Huntington Bancshares shares in Q4, worth about $1.35 million, as institutional investors own roughly 80.7% of the stock.
  • Huntington reported a Q1 earnings beat with adjusted EPS of $0.37 versus a $0.16 consensus and revenue roughly in line with estimates, and the board maintained a quarterly dividend of $0.155 (annualized yield ~3.8%).
  • Analysts hold a consensus rating of "Moderate Buy" with a mean price target near $20.08; several firms trimmed targets to about $20 while others raised theirs (e.g., Raymond James to $21).
  • Five stocks to consider instead of Huntington Bancshares.

Inscription Capital LLC bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 77,833 shares of the bank's stock, valued at approximately $1,350,000.

Other hedge funds also recently bought and sold shares of the company. Sagespring Wealth Partners LLC lifted its holdings in shares of Huntington Bancshares by 2.4% during the 4th quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank's stock valued at $438,000 after buying an additional 587 shares during the last quarter. Strategic Planning Inc. increased its holdings in Huntington Bancshares by 0.3% in the third quarter. Strategic Planning Inc. now owns 199,318 shares of the bank's stock worth $3,442,000 after buying an additional 670 shares during the last quarter. Rehmann Capital Advisory Group raised its position in Huntington Bancshares by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank's stock valued at $292,000 after acquiring an additional 694 shares in the last quarter. Glenmede Investment Management LP raised its position in Huntington Bancshares by 1.7% during the third quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank's stock valued at $755,000 after acquiring an additional 728 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Huntington Bancshares by 2.5% in the third quarter. Advisory Services Network LLC now owns 29,690 shares of the bank's stock valued at $513,000 after acquiring an additional 737 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on HBAN shares. Royal Bank Of Canada dropped their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley reduced their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday. Keefe, Bruyette & Woods decreased their price objective on shares of Huntington Bancshares from $20.00 to $19.50 and set a "market perform" rating for the company in a report on Friday, January 23rd. Raymond James Financial raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a "strong-buy" rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.08.

Read Our Latest Report on HBAN

Insiders Place Their Bets

In related news, VP Brendan A. Lawlor sold 17,455 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $18.93, for a total transaction of $330,423.15. Following the completion of the transaction, the vice president owned 42,398 shares of the company's stock, valued at approximately $802,594.14. The trade was a 29.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Torgow bought 14,200 shares of the stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $17.81 per share, for a total transaction of $252,902.00. Following the acquisition, the director directly owned 943,341 shares in the company, valued at approximately $16,800,903.21. The trade was a 1.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 27,700 shares of company stock valued at $540,401 and sold 98,986 shares valued at $1,600,958. Company insiders own 0.67% of the company's stock.

Key Headlines Impacting Huntington Bancshares

Here are the key news stories impacting Huntington Bancshares this week:

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $16.40 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $16.31 and a 200-day simple moving average of $16.72. The stock has a market capitalization of $33.41 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.71 and a beta of 0.95. Huntington Bancshares Incorporated has a 1-year low of $14.19 and a 1-year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.21. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same period last year, the business posted $0.34 EPS. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares's dividend payout ratio (DPR) is currently 47.69%.

About Huntington Bancshares

(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.

Recommended Stories

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).

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Huntington Bancshares Right Now?

Before you consider Huntington Bancshares, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntington Bancshares wasn't on the list.

While Huntington Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2026 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines