Nykredit A S Buys New Position in Huntington Bancshares Incorporated $HBAN

Nykredit A S bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 292,399 shares of the bank’s stock, valued at approximately $5,184,000.

A number of other large investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Huntington Bancshares by 20.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 960,793 shares of the bank’s stock valued at $17,035,000 after purchasing an additional 161,970 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in Huntington Bancshares by 6.4% during the second quarter. Legacy Financial Advisors Inc. now owns 39,011 shares of the bank’s stock worth $692,000 after purchasing an additional 2,353 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Huntington Bancshares in the second quarter valued at $226,000. Rehmann Capital Advisory Group grew its position in Huntington Bancshares by 5.9% in the second quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank’s stock valued at $215,000 after purchasing an additional 679 shares in the last quarter. Finally, Oarsman Capital Inc. increased its stake in Huntington Bancshares by 4.1% in the 2nd quarter. Oarsman Capital Inc. now owns 118,140 shares of the bank’s stock valued at $2,095,000 after buying an additional 4,692 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, July 6th. UBS Group lifted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a report on Thursday, July 23rd. Truist Financial increased their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Bank of America restated a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. One 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.24.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $4,821,462. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction that occurred 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 $10,620,889.25. The trade was a 26.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 262,061 shares of company stock worth $4,549,432. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Price Performance

HBAN opened at $17.03 on Monday. The stock’s fifty day simple moving average is $17.52 and its 200 day simple moving average is $16.77. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The stock has a market cap of $34.41 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period in the previous year, the business posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business 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 dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s payout ratio is presently 48.06%.

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.