Empowered Funds LLC Acquires 46,989 Shares of Huntington Bancshares Incorporated $HBAN

Empowered Funds LLC raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 91.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,452 shares of the bank’s stock after buying an additional 46,989 shares during the quarter. Empowered Funds LLC’s holdings in Huntington Bancshares were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HBAN. The Manufacturers Life Insurance Company raised its holdings in shares of Huntington Bancshares by 18.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,332,536 shares of the bank’s stock valued at $83,454,000 after acquiring an additional 828,322 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of Huntington Bancshares during the first quarter worth about $1,302,000. Quantinno Capital Management LP increased its position in shares of Huntington Bancshares by 0.6% in the first quarter. Quantinno Capital Management LP now owns 774,317 shares of the bank’s stock worth $12,118,000 after purchasing an additional 4,674 shares during the last quarter. SummitTX Capital L.P. purchased a new stake in Huntington Bancshares in the first quarter valued at approximately $1,702,000. Finally, Delta Global Management LP lifted its position in Huntington Bancshares by 36.5% during the first quarter. Delta Global Management LP now owns 2,184,219 shares of the bank’s stock valued at $34,183,000 after purchasing an additional 584,043 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $17.55 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The stock has a market cap of $35.46 billion, a PE ratio of 13.60, a PEG ratio of 0.82 and a beta of 0.94. The company’s fifty day moving average is $17.40 and its 200 day moving average is $16.88. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company 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. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Barclays cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their price target on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Monday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research note on Friday, July 24th. Finally, Stephens cut their price objective on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.11.

Insider Buying and Selling at Huntington Bancshares

In other news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated 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 represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value 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 represents a 3.80% decrease in their position. 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 quarter, insiders bought 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is currently owned by corporate insiders.

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.