Huntington Bancshares (NASDAQ:HBAN) Shares Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Huntington Bancshares Incorporated NASDAQ: HBAN. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Huntington Bancshares stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Huntington Bancshares Trading Up 0.5%

Shares of NASDAQ HBAN traded up $0.08 during midday trading on Tuesday, reaching $16.01. The stock had a trading volume of 2,495,147 shares, compared to its average volume of 17,523,293. The company's 50 day moving average price is $14.36 and its 200 day moving average price is $15.96. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a twelve month low of $11.92 and a twelve month high of $18.45. The firm has a market cap of $23.38 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, June 17th. Huntington Bancshares's payout ratio is presently 47.33%.

Huntington Bancshares declared that its board has initiated a stock repurchase program on Thursday, April 17th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the bank to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Insider Activity

In other Huntington Bancshares news, VP Brantley J. Standridge sold 70,417 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $13.69, for a total value of $964,008.73. Following the sale, the vice president now owns 326,456 shares of the company's stock, valued at approximately $4,469,182.64. The trade was a 17.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brendan A. Lawlor sold 3,521 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now owns 47,950 shares in the company, valued at approximately $731,237.50. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 312,456 shares of company stock valued at $4,464,105 over the last three months. Corporate insiders own 0.89% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on HBAN shares. Baird R W raised Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Royal Bank of Canada reduced their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday, March 7th. Argus set a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, April 25th. Finally, Citigroup decreased their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.45.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI raised its holdings in shares of Huntington Bancshares by 220.9% in the fourth quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank's stock valued at $59,661,000 after purchasing an additional 2,524,077 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Huntington Bancshares by 17.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank's stock valued at $13,832,000 after buying an additional 129,106 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in Huntington Bancshares in the 4th quarter valued at about $422,000. Donoghue Forlines LLC bought a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $1,460,000. Finally, Franklin Resources Inc. boosted its stake in shares of Huntington Bancshares by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank's stock worth $27,901,000 after buying an additional 55,602 shares during the last quarter. Institutional investors own 80.72% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.