Huntington Bancshares Incorporated $HBAN Shares Sold by GTS Securities LLC

GTS Securities LLC lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 72.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,710 shares of the bank’s stock after selling 31,324 shares during the quarter. GTS Securities LLC’s holdings in Huntington Bancshares were worth $208,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HBAN. MV Capital Management Inc. acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter worth about $26,000. Centennial Bank AR acquired 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 in the 2nd quarter valued at about $29,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $31,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $16.68 on Tuesday. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The stock’s fifty day moving average is $17.58 and its 200-day moving average is $16.79. 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 firm has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 48.06%.

Insider Activity at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 262,061 shares of company stock worth $4,549,432 over the last quarter. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. JPMorgan Chase & Co. upped their target price on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Robert W. Baird raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Evercore restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, July 6th. Finally, Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $20.24.

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.