Manning & Napier Advisors LLC Acquires New Shares in Huntington Bancshares Incorporated $HBAN

Manning & Napier Advisors LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 264,994 shares of the bank’s stock, valued at approximately $4,722,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MV Capital Management Inc. acquired a new position in shares of Huntington Bancshares during the 4th quarter valued at about $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares in the 3rd quarter worth approximately $26,000. Centennial Bank AR bought a new stake in Huntington Bancshares during the fourth quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in Huntington Bancshares during the second quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. acquired a new position in Huntington Bancshares during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial lifted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Weiss Ratings raised shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Jefferies Financial Group set a $18.00 price target on Huntington Bancshares in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $20.24.

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 10,568 shares of the company’s 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 firm’s stock in a transaction on 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 completion of 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 SEC filing for this sale provides additional information. In the last quarter, insiders bought 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.04 on Tuesday. 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 company has a market cap of $34.43 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. The firm has a fifty day moving average price of $17.59 and a two-hundred day moving average price of $16.86. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The company 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 firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio is 48.06%.

Huntington Bancshares 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.