United Capital Financial Advisors LLC Purchases New Stake in Huntington Bancshares Incorporated $HBAN

United Capital Financial Advisors LLC acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,574 shares of the bank’s stock, valued at approximately $1,535,000.

Several other hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares in the third quarter valued at approximately $26,000. Centennial Bank AR acquired a new position in Huntington Bancshares during the fourth quarter valued at approximately $28,000. Trust Co. of Vermont bought a new stake in Huntington Bancshares during the second quarter worth $29,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $31,000. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HBAN. Morgan Stanley restated an “equal weight” rating and set a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Truist Financial increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company started coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They issued an “overweight” rating and a $23.00 price target on the stock. Bank of America reaffirmed a “neutral” rating and set a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Finally, Stephens lowered their price objective on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. 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’s stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $20.24.

Huntington Bancshares Stock Up 0.4%

Shares of NASDAQ HBAN opened at $16.92 on Friday. The company has a 50 day simple moving average of $17.59 and a 200 day simple moving average of $16.82. The firm has a market cap of $34.19 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN) last posted its 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 net margin of 16.64% and a return on equity of 11.19%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The business 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 $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 48.06%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated 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. The trade was a 26.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction dated Monday, August 3rd. The shares were 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. The trade was a 28.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently 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.