Kendall Kowalski Sells 27,971 Shares of Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall Kowalski sold 27,971 shares of the stock in a transaction 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 sale, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This trade represents a 28.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN traded up $0.20 during trading on Tuesday, reaching $17.56. The company had a trading volume of 29,157,526 shares, compared to its average volume of 27,795,113. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The stock has a market capitalization of $35.48 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. The stock has a 50-day moving average price of $17.29 and a two-hundred day moving average price of $16.89. 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 (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same period in the prior year, the business earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.6 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 3.5%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is 48.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HBAN. UBS Group lifted their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Evercore reissued an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, July 6th. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Bank of America restated a “neutral” rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $20.11.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HBAN. CIBC Asset Management Inc increased its position in Huntington Bancshares by 24.5% during the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock worth $9,248,000 after purchasing an additional 104,965 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Huntington Bancshares by 688.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock valued at $1,500,000 after purchasing an additional 75,516 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Huntington Bancshares by 25.4% during the 4th quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock valued at $141,625,000 after buying an additional 1,652,464 shares during the period. KBC Group NV grew its stake in shares of Huntington Bancshares by 16.3% during the 4th quarter. KBC Group NV now owns 2,820,816 shares of the bank’s stock valued at $48,941,000 after buying an additional 395,489 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Huntington Bancshares by 991.7% during the 1st quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank’s stock worth $1,073,000 after buying an additional 61,397 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

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.