Concurrent Investment Advisors LLC Sells 47,161 Shares of Huntington Bancshares Incorporated $HBAN

Concurrent Investment Advisors LLC cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 25.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,076 shares of the bank’s stock after selling 47,161 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Huntington Bancshares were worth $2,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Values First Advisors Inc. boosted its position in shares of Huntington Bancshares by 3.0% during the first quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after buying an additional 604 shares during the last quarter. MCF Advisors LLC lifted its stake in Huntington Bancshares by 12.6% during the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after acquiring an additional 609 shares in the last quarter. Vestor Capital LLC lifted its stake in Huntington Bancshares by 13.0% during the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after acquiring an additional 648 shares in the last quarter. Balboa Wealth Partners boosted its holdings in Huntington Bancshares by 2.5% during the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after acquiring an additional 662 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in Huntington Bancshares by 5.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank’s stock worth $215,000 after acquiring an additional 679 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marcy Hingst sold 10,568 shares of the company’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 transaction, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Rollins, III sold 223,522 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 262,061 shares of company stock valued at $4,549,432. 0.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HBAN. Evercore reiterated an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a report on Monday, July 6th. Jefferies Financial Group set a $18.00 price objective on shares of Huntington Bancshares in a research report on Thursday, July 23rd. UBS Group increased their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, August 18th. Finally, Robert W. Baird upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.24.

Huntington Bancshares Price Performance

HBAN opened at $16.76 on Wednesday. The firm has a market cap of $33.86 billion, a P/E ratio of 12.99, a PEG ratio of 0.93 and a beta of 0.92. The firm has a 50-day moving average of $17.48 and a 200 day moving average of $16.76. 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 Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45.

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

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s 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.