Foster & Motley Inc. Purchases New Position in Huntington Bancshares Incorporated $HBAN

Foster & Motley Inc. acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,254 shares of the bank’s stock, valued at approximately $926,000.

A number of other large investors also recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new position in Huntington Bancshares in the 4th quarter valued at about $25,000. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $26,000. Centennial Bank AR acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth $28,000. Trust Co. of Vermont purchased a new stake in shares of Huntington Bancshares in the second quarter valued at about $29,000. Finally, Johnson Financial Group Inc. boosted its holdings in Huntington Bancshares by 48.8% in the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after purchasing an additional 707 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

Shares of HBAN opened at $17.17 on Thursday. The firm has a fifty day moving average price of $17.61 and a 200 day moving average price of $16.88. The stock has a market cap of $34.69 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $2.86 billion during 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 previous year, the business earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.

Insider Activity

In related news, 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. This trade represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction 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 in the company, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HBAN shares. UBS Group upped their price objective 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. Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research note on Thursday, April 23rd. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company began coverage on shares of Huntington Bancshares in a report on Monday. They set an “overweight” rating and a $23.00 price target for the company. Finally, Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. One investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.24.

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.