Huntington Bancshares (NASDAQ:HBAN) Sets New 12-Month Low – Should You Sell?

Huntington Bancshares Incorporated (NASDAQ:HBAN)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $14.82 and last traded at $14.8850, with a volume of 3041322 shares changing hands. The stock had previously closed at $15.26.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stephens lowered their target price on Huntington Bancshares from $19.00 to $18.00 in a research note on Tuesday, September 22nd. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. JPMorgan Chase & Co. increased their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Monday, July 6th. UBS Group boosted their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird raised their price target 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.79.

Huntington Bancshares Stock Down 1.1%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a fifty day simple moving average of $16.82 and a 200-day simple moving average of $16.67. The company has a market capitalization of $30.50 billion, a PE ratio of 11.70, a P/E/G ratio of 0.93 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $2.84 billion. During the same period in the prior year, the business 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 1.54 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

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 $0.1550 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is 48.06%.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Kendall Kowalski sold 27,971 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider directly owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Huntington Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Huntington Bancshares during the second quarter valued at approximately $3,134,426,000. Victory Capital Management Inc. raised its position in shares of Huntington Bancshares by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 37,412,989 shares of the bank’s stock valued at $649,115,000 after acquiring an additional 3,182,001 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huntington Bancshares by 27.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock valued at $367,388,000 after acquiring an additional 5,026,894 shares in the last quarter. Amundi lifted its stake in Huntington Bancshares by 30.7% during the first quarter. Amundi now owns 19,502,547 shares of the bank’s stock worth $305,215,000 after purchasing an additional 4,578,566 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Huntington Bancshares in the second quarter worth $256,772,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.