Susquehanna Fundamental Investments LLC Makes New Investment in Huntington Bancshares Incorporated $HBAN

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,225,329 shares of the bank’s stock, valued at approximately $21,725,000.

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

Insiders Place Their Bets

In related news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 612,155 shares in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have purchased 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $16.92 on Monday. The firm has a fifty day moving average of $17.59 and a 200-day moving average of $16.80. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $34.19 billion, a P/E ratio of 13.12, a PEG ratio of 0.80 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, analysts predict 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. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is currently 48.06%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research analyst reports. Evercore restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. UBS Group lifted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Truist Financial boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Wells Fargo & Company started coverage on Huntington Bancshares in a research note on Monday, August 17th. They set an “overweight” rating and a $23.00 price target for the company. Finally, Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $20.24.

Huntington Bancshares 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.