Essential Partners LLC Sells 33,815 Shares of Huntington Bancshares Incorporated $HBAN

Essential Partners LLC reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 86.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,210 shares of the bank’s stock after selling 33,815 shares during the period. Essential Partners LLC’s holdings in Huntington Bancshares were worth $82,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HBAN. MV Capital Management Inc. bought a new stake in Huntington Bancshares in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR acquired a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $28,000. Johnson Financial Group Inc. increased its holdings in shares of Huntington Bancshares by 48.8% during the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock worth $34,000 after acquiring an additional 707 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in Huntington Bancshares by 80.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock valued at $35,000 after acquiring an additional 994 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $17.04 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The business has a fifty day simple moving average of $17.26 and a 200 day simple moving average of $16.90. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a market capitalization of $34.43 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting 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 analysts’ expectations of $2.84 billion. During the same quarter last year, the business earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts expect that Huntington Bancshares Incorporated will post 1.6 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is 48.06%.

Analysts Set New Price Targets

Several brokerages have issued reports on HBAN. JPMorgan Chase & Co. raised their price target on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Royal Bank Of Canada upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Stephens dropped their price objective on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price for the company in a report on Thursday, April 23rd. Finally, UBS Group upped their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Read Our Latest Stock Report on Huntington Bancshares

Insider Transactions at Huntington Bancshares

In related news, 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 directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares of the company’s stock, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have purchased 22,000 shares of company stock worth $401,219. 0.67% of the stock is owned by insiders.

About Huntington Bancshares

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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