Saudi Central Bank Buys 67,777 Shares of Huntington Bancshares Incorporated $HBAN

Saudi Central Bank boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 90.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,599 shares of the bank’s stock after buying an additional 67,777 shares during the period. Saudi Central Bank’s holdings in Huntington Bancshares were worth $2,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Values First Advisors Inc. boosted its position in 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 lifted its position in shares of Huntington Bancshares by 12.6% during the fourth 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 lifted its position in shares of Huntington Bancshares by 13.0% during the first 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 holdings in shares of Huntington Bancshares by 2.5% in the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock valued at $423,000 after buying an additional 662 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Huntington Bancshares by 5.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank’s stock valued at $215,000 after buying an additional 679 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $17.03 on Tuesday. The firm’s fifty day moving average is $17.50 and its two-hundred day moving average is $16.77. The firm has a market cap of $34.41 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.93 and a beta of 0.92. 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 one year low of $14.89 and a one year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations 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. Research analysts expect that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares’s payout ratio is presently 48.06%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director James Rollins, III sold 223,522 shares of the company’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 value of $3,878,106.70. Following the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marcy Hingst sold 10,568 shares of the firm’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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 262,061 shares of company stock valued at $4,549,432. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Evercore restated an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. UBS Group upped their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Finally, Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

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.