OneDigital Investment Advisors LLC Takes Position in Huntington Bancshares Incorporated $HBAN

OneDigital Investment Advisors LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, Holdings Channel.com reports. The firm purchased 32,459 shares of the bank’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its position in shares of 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 in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Huntington Bancshares by 688.9% in the fourth 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 in the last quarter. Hsbc Holdings PLC raised its position in 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 last quarter. International Assets Investment Management LLC lifted its holdings in 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 in the last quarter. Finally, SouthState Bank Corp lifted its holdings in Huntington Bancshares by 19,902.9% during the 1st quarter. SouthState Bank Corp now owns 131,819 shares of the bank’s stock worth $2,063,000 after buying an additional 131,160 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $17.66 on Wednesday. The firm has a fifty day moving average of $17.60 and a two-hundred day moving average of $16.88. The stock has a market capitalization of $35.68 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.85 and a beta of 0.94. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior 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 predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s dividend payout ratio is presently 48.06%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HBAN. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research note on Thursday, July 23rd. Truist Financial upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. raised 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. Bank of America reiterated a “neutral” rating and issued a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Finally, Weiss Ratings raised Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $20.24.

Insiders Place Their Bets

In other news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director directly owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction that occurred 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 sale, the insider owned 70,025 shares in the company, valued at $1,204,430. This represents a 28.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Company insiders own 0.67% of the company’s stock.

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.