Danske Bank A S Takes Position in Huntington Bancshares Incorporated $HBAN

Danske Bank A S purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, Holdings Channel.com reports. The fund purchased 1,417,905 shares of the bank’s stock, valued at approximately $25,139,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock worth $3,319,385,000 after acquiring an additional 14,338,222 shares during the period. BlackRock Inc. acquired a new stake in Huntington Bancshares during the second quarter worth $3,134,426,000. State Street Corp raised its position in Huntington Bancshares by 4.7% in the fourth quarter. State Street Corp now owns 77,228,656 shares of the bank’s stock valued at $1,351,806,000 after purchasing an additional 3,438,501 shares during the period. Wellington Management Group LLP raised its position in Huntington Bancshares by 4,265.5% in the fourth quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock valued at $1,215,955,000 after purchasing an additional 68,478,435 shares during the period. Finally, Boston Partners lifted its stake in shares of Huntington Bancshares by 3.9% in the 3rd quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock valued at $1,091,615,000 after purchasing an additional 2,363,905 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HBAN. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Evercore reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. Wells Fargo & Company assumed coverage on shares of Huntington Bancshares in a research note on Monday. They set an “overweight” rating and a $23.00 target price for the company. Jefferies Financial Group set a $18.00 price target on shares of Huntington Bancshares in a research report on Thursday, July 23rd. Finally, Bank of America reissued a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.24.

Huntington Bancshares Price Performance

HBAN stock opened at $17.17 on Thursday. The business’s fifty day moving average price is $17.61 and its 200 day moving average price is $16.88. 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 capitalization of $34.69 billion, a PE ratio of 13.31, a P/E/G ratio of 0.84 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations 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. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 48.06%.

Insider Activity

In other Huntington Bancshares news, 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 sale, the insider directly owned 70,025 shares in the company, valued at $1,204,430. This represents a 28.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over 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. Insiders own 0.67% of the company’s stock.

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.