Carlson Capital L.P. Has $4.45 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Carlson Capital L.P. lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 153.3% during the 1st quarter, Holdings Channel reports. The fund owned 284,482 shares of the bank’s stock after acquiring an additional 172,182 shares during the quarter. Huntington Bancshares makes up approximately 1.4% of Carlson Capital L.P.’s portfolio, making the stock its 3rd biggest position. Carlson Capital L.P.’s holdings in Huntington Bancshares were worth $4,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MV Capital Management Inc. acquired a new position in Huntington Bancshares in the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares in the third quarter valued at about $26,000. Centennial Bank AR acquired a new position in Huntington Bancshares during the 4th quarter worth about $28,000. Johnson Financial Group Inc. increased its position in Huntington Bancshares by 48.8% in the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after acquiring an additional 707 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Huntington Bancshares by 80.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock worth $35,000 after acquiring an additional 994 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HBAN has been the topic of several research analyst reports. Barclays cut shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research note on Friday, July 24th. UBS Group lifted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Evercore reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.11.

Huntington Bancshares Trading Down 0.2%

HBAN opened at $17.04 on Friday. The firm’s fifty day moving average is $17.26 and its two-hundred day moving average is $16.90. The firm has a market cap of $34.43 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.93. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. 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 (NASDAQ:HBAN) last released its quarterly earnings data 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 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 quarter in the prior year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.6 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be given a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s payout ratio is currently 48.06%.

Insider Buying and Selling

In other news, 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 owned 612,155 shares in the company, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction 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 of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have purchased 22,000 shares of company stock valued at $401,219. 0.67% of the stock is owned by company insiders.

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.