Ceredex Value Advisors LLC Makes New $51.47 Million Investment in Huntington Bancshares Incorporated $HBAN

Ceredex Value Advisors LLC acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, HoldingsChannel reports. The fund acquired 2,903,063 shares of the bank’s stock, valued at approximately $51,471,000. Huntington Bancshares accounts for approximately 1.4% of Ceredex Value Advisors LLC’s portfolio, making the stock its 3rd biggest position.

Other institutional investors have also modified their holdings of the company. MV Capital Management Inc. acquired a new position in shares of Huntington Bancshares during the 4th quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares in the 3rd quarter worth about $26,000. Centennial Bank AR purchased a new stake in Huntington Bancshares during the 4th quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in shares of Huntington Bancshares during the second quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Huntington Bancshares in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the transaction, the director directly owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kendall A. Kowalski sold 27,971 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider directly owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This trade represents a 28.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $17.01 on Friday. 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 50-day moving average price of $17.61 and a 200 day moving average price of $16.88. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The stock has a market cap of $34.37 billion, a P/E ratio of 13.19, a PEG ratio of 0.81 and a beta of 0.94.

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. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

Analyst Ratings Changes

Several research firms recently commented on HBAN. Truist Financial increased their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, July 23rd. UBS Group upped their target price 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. Evercore reiterated an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.24.

Huntington Bancshares 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.