Portfolio Design Labs LLC Acquires New Position in Huntington Bancshares Incorporated $HBAN

Portfolio Design Labs LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 97,861 shares of the bank’s stock, valued at approximately $1,735,000.

A number of other hedge funds have also bought and sold shares of the stock. CIBC Asset Management Inc lifted its stake in Huntington Bancshares by 24.5% during the 4th quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock valued at $9,248,000 after acquiring an additional 104,965 shares during the period. Creative Financial Designs Inc. ADV grew its position in Huntington Bancshares by 688.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock valued at $1,500,000 after buying an additional 75,516 shares during the period. Hsbc Holdings PLC grew its position in Huntington Bancshares by 25.4% during the fourth quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock valued at $141,625,000 after buying an additional 1,652,464 shares during the period. International Assets Investment Management LLC increased its holdings in Huntington Bancshares by 991.7% in the first quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank’s stock valued at $1,073,000 after buying an additional 61,397 shares in the last quarter. Finally, SouthState Bank Corp raised its position in shares of Huntington Bancshares by 19,902.9% in the first quarter. SouthState Bank Corp now owns 131,819 shares of the bank’s stock worth $2,063,000 after acquiring an additional 131,160 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction that occurred 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 completion of the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares 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 completion of the sale, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Trading Down 0.9%

Shares of HBAN opened at $17.01 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average is $17.61 and its two-hundred day moving average is $16.88. The stock has a market cap of $34.37 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. 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 fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 currently 48.06%.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of analyst reports. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group increased their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Bank of America reissued a “neutral” rating and issued a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday. Finally, Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $20.24.

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.