Huntington Bancshares Incorporated $HBAN Shares Purchased by National Pension Service

National Pension Service increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 22.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,258,691 shares of the bank’s stock after buying an additional 590,956 shares during the quarter. National Pension Service owned about 0.16% of Huntington Bancshares worth $57,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in shares of Huntington Bancshares by 24.5% in the 4th quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock worth $9,248,000 after buying an additional 104,965 shares during the period. Equitable Holdings Inc. purchased a new stake in Huntington Bancshares during the second quarter valued at about $1,093,000. Corient Private Wealth LP acquired a new stake in Huntington Bancshares during the second quarter worth about $21,187,000. Creative Financial Designs Inc. ADV increased its stake in Huntington Bancshares by 688.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock worth $1,500,000 after acquiring an additional 75,516 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Huntington Bancshares by 25.4% in the 4th quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock worth $141,625,000 after purchasing an additional 1,652,464 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HBAN shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a report on Tuesday, August 18th. 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 report on Friday, July 24th. Weiss Ratings upgraded shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. raised their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Evercore reaffirmed an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $16.86 on Friday. The company has a market capitalization of $34.06 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The firm has a fifty day simple moving average of $17.41 and a 200-day simple moving average of $16.74. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released 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. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate 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 previous year, the firm posted $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 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 3.7%. Huntington Bancshares’s payout ratio is 48.06%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction that occurred 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 in the company, valued at $4,821,462. The trade was a 3.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.