Manning & Napier Advisors LLC Takes Position in Huntington Bancshares Incorporated $HBAN

Manning & Napier Advisors LLC acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 264,994 shares of the bank’s stock, valued at approximately $4,722,000.

Other large investors have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in Huntington Bancshares in the 4th quarter valued at $25,000. Palisade Asset Management LLC bought a new stake in shares of Huntington Bancshares during the third quarter worth $26,000. Centennial Bank AR bought a new stake in shares of Huntington Bancshares during the fourth quarter worth $28,000. Trust Co. of Vermont acquired a new position in shares of Huntington Bancshares during the second quarter valued at $29,000. Finally, Johnson Financial Group Inc. bought a new position in Huntington Bancshares in the second quarter valued at about $31,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on HBAN shares. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group lifted their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, August 18th. Wells Fargo & Company initiated coverage on shares of Huntington Bancshares in a report on Monday, August 17th. They issued an “overweight” rating and a $23.00 price objective on the stock. Finally, Jefferies Financial Group set a $18.00 price objective on shares of Huntington Bancshares in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

Insider Buying and Selling at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director directly owned 612,155 shares in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction dated Thursday, June 25th. The stock was 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 of the company’s stock, valued at $4,821,462. The trade was a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders bought 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Up 0.1%

HBAN stock opened at $17.04 on Tuesday. The company has a market cap of $34.43 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The business has a 50 day moving average price of $17.59 and a two-hundred day moving average price of $16.86. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last announced 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. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter in the prior year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS 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 paid 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 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 48.06%.

Huntington Bancshares Profile

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.