Handelsbanken Fonder AB Purchases 83,706 Shares of Huntington Bancshares Incorporated $HBAN

Handelsbanken Fonder AB boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 15.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 614,273 shares of the bank’s stock after purchasing an additional 83,706 shares during the period. Handelsbanken Fonder AB’s holdings in Huntington Bancshares were worth $10,891,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Values First Advisors Inc. boosted its stake in shares of Huntington Bancshares by 3.0% during the first quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after purchasing an additional 604 shares in the last quarter. MCF Advisors LLC raised its holdings in Huntington Bancshares by 12.6% in the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after buying an additional 609 shares during the last quarter. Vestor Capital LLC raised its holdings in Huntington Bancshares by 13.0% in the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after buying an additional 648 shares during the last quarter. Balboa Wealth Partners boosted its position in Huntington Bancshares by 2.5% during the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after buying an additional 662 shares during the period. Finally, Rehmann Capital Advisory Group grew its holdings in Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after acquiring an additional 694 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction 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 sale, the insider owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James D. Rollins III sold 223,522 shares of the stock in a transaction dated Friday, June 12th. The stock was 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 approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, 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 owned by company insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.77 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The company has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $16.87. The company has a market capitalization of $35.90 billion, a PE ratio of 13.78, a P/E/G ratio of 0.85 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be issued a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s payout ratio is presently 48.06%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HBAN. Royal Bank Of Canada upped their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Robert W. Baird lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. UBS Group boosted their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Truist Financial increased 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $20.11.

Read Our Latest Report on Huntington Bancshares

Huntington Bancshares Company Profile

(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.

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

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