Strs Ohio lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 6.0% in the first quarter, Holdings Channel reports. The institutional investor owned 1,414,377 shares of the bank’s stock after selling 90,715 shares during the period. Strs Ohio’s holdings in Huntington Bancshares were worth $22,135,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in HBAN. Keybank National Association OH raised its holdings in Huntington Bancshares by 8.4% during the first quarter. Keybank National Association OH now owns 151,635 shares of the bank’s stock worth $2,373,000 after purchasing an additional 11,729 shares in the last quarter. RKL Wealth Management LLC acquired a new position in Huntington Bancshares during the 1st quarter worth approximately $168,000. Argent Advisors Inc. raised its stake in shares of Huntington Bancshares by 197.4% during the 1st quarter. Argent Advisors Inc. now owns 54,993 shares of the bank’s stock worth $861,000 after buying an additional 36,503 shares in the last quarter. USS Investment Management Ltd raised its stake in shares of Huntington Bancshares by 3.6% during the 1st quarter. USS Investment Management Ltd now owns 250,575 shares of the bank’s stock worth $3,920,000 after buying an additional 8,745 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in shares of Huntington Bancshares by 46.4% in the 1st quarter. IFM Investors Pty Ltd now owns 411,736 shares of the bank’s stock valued at $6,444,000 after buying an additional 130,465 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.
Huntington Bancshares Stock Performance
HBAN opened at $17.86 on Friday. The stock has a market cap of $36.20 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.81 and a beta of 0.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $16.60 and its 200 day simple moving average is $16.90. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45.
Huntington Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a $0.155 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.
Insiders Place Their Bets
In related news, EVP Marcy C. Hingst sold 10,568 shares of the 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 sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. This represents a 3.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $3,878,106.70. Following the transaction, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 33,500 shares of company stock valued at $617,542. Company insiders own 0.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on HBAN shares. Piper Sandler raised Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a report on Thursday, April 23rd. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group decreased their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Evercore reaffirmed an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research note on Friday, June 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $20.15.
View Our Latest Report on HBAN
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.
Featured Stories
- Five stocks we like better than Huntington Bancshares
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report).
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
