MASTERINVEST Kapitalanlage GmbH acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 83,245 shares of the bank’s stock, valued at approximately $1,476,000.
Several other hedge funds also recently modified their holdings of HBAN. First Bancorp Inc ME purchased a new stake in Huntington Bancshares in the 2nd quarter valued at $389,000. MV Capital Management Inc. bought a new position in Huntington Bancshares during the 4th quarter valued at $25,000. Palisade Asset Management LLC purchased a new position in Huntington Bancshares during the 3rd quarter worth $26,000. Centennial Bank AR purchased a new position in Huntington Bancshares during the 4th quarter worth $28,000. Finally, Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Insider Activity at Huntington Bancshares
In other news, 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 sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the business’s 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 sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. This trade represents a 28.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Huntington Bancshares
Huntington Bancshares Price Performance
Shares of NASDAQ HBAN opened at $16.86 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $17.59 and a two-hundred day simple moving average of $16.82. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The firm has a market cap of $34.06 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its 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 return on equity of 11.19% and a net margin of 16.64%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. 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 disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is currently 48.06%.
Huntington Bancshares Company 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.
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