45,881 Shares in Huntington Bancshares Incorporated $HBAN Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 45,881 shares of the bank’s stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Algebris UK Ltd. bought a new position in shares of Huntington Bancshares during the second quarter valued at approximately $38,455,000. Asahi Life Asset Management CO. LTD. bought a new position in Huntington Bancshares in the second quarter worth approximately $389,000. Strategic Equity Management purchased a new stake in Huntington Bancshares during the second quarter worth $450,000. Csenge Advisory Group purchased a new stake in Huntington Bancshares during the second quarter worth $590,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in Huntington Bancshares during the 2nd quarter valued at $267,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $17.03 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s fifty day moving average price is $17.60 and its 200 day moving average price is $16.87. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.81 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) 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 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 research analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is presently 48.06%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HBAN shares. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research note on Thursday, July 23rd. Truist Financial boosted 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. Finally, Robert W. Baird increased 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 Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.24.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the firm’s 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 sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over 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 currently owned by corporate insiders.

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.