Nykredit A S Purchases New Shares in Huntington Bancshares Incorporated $HBAN

Nykredit A S purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 292,399 shares of the bank’s stock, valued at approximately $5,184,000.

A number of other institutional investors have also recently bought and sold shares of the business. MV Capital Management Inc. bought a new position in shares of Huntington Bancshares during the fourth quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $26,000. Centennial Bank AR acquired a new stake in Huntington Bancshares during the fourth quarter worth approximately $28,000. Trust Co. of Vermont acquired a new stake in Huntington Bancshares during the second quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. bought a new position in Huntington Bancshares during the 2nd quarter worth $31,000. Institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the company’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 transaction of $3,878,106.70. Following the completion of the transaction, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. This represents a 26.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider directly owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 262,061 shares of company stock valued at $4,549,432. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial lifted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Evercore restated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, July 6th. Stephens dropped their price target on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $17.03 on Monday. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The stock’s fifty day moving average price is $17.52 and its two-hundred day moving average price is $16.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $34.41 billion, a PE ratio of 13.20, a P/E/G ratio of 0.93 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 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 company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. 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 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm 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 dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s payout ratio is presently 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.