Infrastructure Capital Advisors LLC Acquires Shares of 31,746 Huntington Bancshares Incorporated $HBAN

Infrastructure Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,746 shares of the bank’s stock, valued at approximately $563,000.

Several other institutional investors have also recently added to or reduced their stakes in HBAN. MV Capital Management Inc. acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth approximately $26,000. Centennial Bank AR bought a new position in Huntington Bancshares in the 4th quarter worth approximately $28,000. Trust Co. of Vermont bought a new position in Huntington Bancshares in the 2nd quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. acquired a new stake in Huntington Bancshares in the 2nd quarter valued at approximately $31,000. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In other news, Director James D. Rollins III sold 223,522 shares of the 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 completion of the sale, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kendall A. Kowalski sold 27,971 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders acquired 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBAN. Bank of America reiterated a “neutral” rating and set a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Wells Fargo & Company started coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They set an “overweight” rating and a $23.00 price objective on the stock. Evercore reiterated an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, July 23rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.24.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.03 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $17.60 and its two-hundred day moving average price is $16.87. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week 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 0.81 and a beta of 0.94.

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

Huntington Bancshares Dividend Announcement

The company also recently disclosed 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. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

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.