Fulton Bank N.A. Has $1.57 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Fulton Bank N.A. trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 26.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,373 shares of the bank’s stock after selling 31,938 shares during the period. Fulton Bank N.A.’s holdings in Huntington Bancshares were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. MV Capital Management Inc. bought a new position in Huntington Bancshares in the 4th quarter valued at about $25,000. Palisade Asset Management LLC acquired a new position in Huntington Bancshares during the 3rd quarter valued at about $26,000. Centennial Bank AR bought a new stake in Huntington Bancshares during the 4th quarter worth approximately $28,000. Johnson Financial Group Inc. increased its holdings in Huntington Bancshares by 48.8% during the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock worth $34,000 after purchasing an additional 707 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Huntington Bancshares in the fourth quarter worth approximately $38,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HBAN shares. Bank of America reissued a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Evercore reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird increased their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada raised their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Huntington Bancshares Stock Up 1.0%

HBAN opened at $17.77 on Wednesday. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The company’s 50-day moving average price is $17.47 and its two-hundred day moving average price is $16.87. The stock has a market cap of $35.90 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.83 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

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

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be paid a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares’s payout ratio is presently 48.06%.

Insider Activity

In other news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction 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 transaction, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction dated 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 directly owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This trade represents 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 have bought 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. Insiders own 0.67% of the company’s stock.

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.