Great Lakes Advisors LLC Invests $2.53 Million in Huntington Bancshares Incorporated $HBAN

Great Lakes Advisors LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 142,630 shares of the bank’s stock, valued at approximately $2,529,000.

Other institutional investors also recently bought and sold shares of the company. MV Capital Management Inc. bought a new stake in Huntington Bancshares in the 4th quarter worth about $25,000. Palisade Asset Management LLC purchased a new position in Huntington Bancshares during the third quarter valued at $26,000. Centennial Bank AR bought a new stake in Huntington Bancshares in the fourth quarter worth $28,000. Trust Co. of Vermont bought a new stake in Huntington Bancshares in the second quarter worth $29,000. Finally, Johnson Financial Group Inc. raised its holdings in shares of Huntington Bancshares by 48.8% in the first quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock worth $34,000 after buying an additional 707 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 0.1%

NASDAQ HBAN opened at $17.03 on Friday. 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. The company has a market capitalization of $34.41 billion, a PE ratio of 13.20, a P/E/G ratio of 0.80 and a beta of 0.94. The company has a fifty day moving average of $17.60 and a 200 day moving average of $16.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period in the prior year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

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 given a $0.155 dividend. 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 payout ratio is 48.06%.

Analyst Ratings Changes

A number of equities analysts have commented on HBAN shares. Evercore restated an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Wells Fargo & Company initiated coverage on shares of Huntington Bancshares in a research report on Monday. They issued an “overweight” rating and a $23.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.24.

Insider Transactions at Huntington Bancshares

In other news, insider Kendall A. Kowalski sold 27,971 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the sale, the executive vice president owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, 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.

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.