Mascagni Wealth Management Inc. bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 53,804 shares of the bank’s stock, valued at approximately $842,000.
Other hedge funds also recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in Huntington Bancshares during the fourth quarter worth about $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares in the 3rd quarter valued at about $26,000. Centennial Bank AR bought a new position in Huntington Bancshares in the 4th quarter valued at about $28,000. Johnson Financial Group Inc. raised its position in shares of Huntington Bancshares by 48.8% in the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after buying an additional 707 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at approximately $38,000. Institutional investors own 80.72% of the company’s stock.
Insider Buying and Selling at Huntington Bancshares
In other news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the transaction, the executive vice president directly owned 267,859 shares in the company, 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 accessible through 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 stock in a transaction 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have bought 22,000 shares of company stock valued at $401,219 over the last quarter. Company insiders own 0.67% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on HBAN
Huntington Bancshares Trading Up 1.4%
HBAN opened at $17.08 on Friday. The company has a market cap of $34.62 billion, a P/E ratio of 13.24, a PEG ratio of 0.80 and a beta of 0.93. 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 company’s 50 day moving average is $17.24 and its 200-day moving average is $16.89. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released 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 business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period in the prior year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.6 earnings per share for the current fiscal year.
Huntington Bancshares Dividend Announcement
The business 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. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s payout ratio is presently 48.06%.
About Huntington Bancshares
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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