168,974 Shares in Huntington Bancshares Incorporated $HBAN Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 168,974 shares of the bank’s stock, valued at approximately $2,996,000.

Other hedge funds have also modified their holdings of the company. Saranac Partners Ltd acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at $7,175,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Huntington Bancshares during the second quarter valued at about $1,122,000. Bank of Nova Scotia purchased a new stake in Huntington Bancshares during the second quarter valued at about $23,140,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Huntington Bancshares in the second quarter worth about $1,208,000. Finally, Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Huntington Bancshares in the second quarter worth about $1,068,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Kendall A. Kowalski sold 27,971 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have bought 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HBAN shares. Stephens cut their price target on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird increased their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group set a $18.00 price target on Huntington Bancshares in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.24.

Huntington Bancshares Stock Performance

HBAN stock opened at $16.95 on Wednesday. The firm has a 50 day simple moving average of $17.58 and a 200 day simple moving average of $16.85. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The stock has a market cap of $34.25 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share 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 firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business earned $0.34 EPS. 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 fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced 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 3.7%. Huntington Bancshares’s payout ratio is 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.