NewEdge Advisors LLC Cuts Position in Huntington Bancshares Incorporated $HBAN

NewEdge Advisors LLC decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.3% in the 1st quarter, Holdings Channel reports. The firm owned 252,180 shares of the bank’s stock after selling 38,832 shares during the quarter. NewEdge Advisors LLC’s holdings in Huntington Bancshares were worth $3,947,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Values First Advisors Inc. increased its holdings in Huntington Bancshares by 3.0% during the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after acquiring an additional 604 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Huntington Bancshares by 12.6% in the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after purchasing an additional 609 shares in the last quarter. Vestor Capital LLC lifted its holdings in shares of Huntington Bancshares by 13.0% in the first quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after purchasing an additional 648 shares in the last quarter. Balboa Wealth Partners grew its position in shares of Huntington Bancshares by 2.5% in the first quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock valued at $423,000 after purchasing an additional 662 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Huntington Bancshares by 4.3% in the third quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock valued at $292,000 after purchasing an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 27,971 shares of the business’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 transaction of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares in the company, valued at $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 612,155 shares of the company’s stock, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders acquired 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HBAN. Robert W. Baird lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a report on Thursday, July 23rd. Weiss Ratings raised Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Piper Sandler raised Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $20.11.

Huntington Bancshares Price Performance

HBAN stock opened at $17.86 on Thursday. The stock has a 50-day moving average price of $17.50 and a two-hundred day moving average price of $16.87. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The company has a market cap of $36.08 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company 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 last year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

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

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.