Wealthfront Advisers LLC Purchases New Position in Huntington Bancshares Incorporated $HBAN

Key Points

• Wealthfront Advisers acquired 507,367 shares of Huntington Bancshares in the second quarter, worth approximately $9.0 million. Institutional investors now own 80.72% of the bank’s stock.
• Huntington reported quarterly EPS of $0.39, in line with analyst expectations, while revenue of $2.86 billion exceeded estimates. The company issued fiscal 2026 EPS guidance of $1.90–$1.93.
• The bank declared a quarterly dividend of $0.155 per share, equivalent to $0.62 annually and a 3.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $20.24, versus a recent share price of $17.17.

Wealthfront Advisers LLC acquired 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 Securities and Exchange Commission. The firm acquired 507,367 shares of the bank's stock, valued at approximately $8,996,000.

Several other large investors have also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in Huntington Bancshares in the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $26,000. Centennial Bank AR bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at $28,000. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $29,000. Finally, Johnson Financial Group Inc. raised its stake in Huntington Bancshares by 48.8% during the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank's stock worth $34,000 after buying an additional 707 shares during the period. Institutional investors own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 10,568 shares of the 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 completion of the transaction, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the firm'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 completion of the transaction, the director directly owned 612,155 shares of the company's stock, 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 acquired 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. Company insiders own 0.67% of the company's stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $17.17 on Thursday. 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 cap of $34.69 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. The stock's 50-day moving average is $17.61 and its 200-day moving average is $16.88. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $2.84 billion. During the same period last year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares's dividend payout ratio is 48.06%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HBAN. Wall Street Zen upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an "overweight" rating in a research note on Monday, July 6th. Evercore reiterated an "outperform" rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Monday, July 6th. Finally, Weiss Ratings raised shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.24.

About Huntington Bancshares

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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