Corient Private Wealth LP Takes Position in Huntington Bancshares Incorporated $HBAN

Corient Private Wealth LP bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,195,010 shares of the bank’s stock, valued at approximately $21,187,000.

Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in Huntington Bancshares during the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter valued at about $26,000. Centennial Bank AR bought a new position in shares of Huntington Bancshares in the 4th quarter valued at about $28,000. Trust Co. of Vermont acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth about $29,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth about $31,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $16.92 on Friday. The firm has a 50-day moving average of $17.59 and a 200-day moving average of $16.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market cap of $34.19 billion, a PE ratio of 13.12, a P/E/G ratio of 0.80 and a beta of 0.94. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter in the prior year, the business earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is currently 48.06%.

Insider Activity

In related news, EVP Marcy C. Hingst sold 10,568 shares of the business’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 sale, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. The trade was a 3.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 company’s 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 directly owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents 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 valued at $401,219 and have sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

HBAN has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Evercore reissued an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, July 6th. Jefferies Financial Group set a $18.00 price objective on Huntington Bancshares in a research note on Thursday, July 23rd. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Wells Fargo & Company initiated coverage on Huntington Bancshares in a research note on Monday, August 17th. They set an “overweight” rating and a $23.00 target price for the company. One research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

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.