Sanctuary Advisors LLC Buys Shares of 168,974 Huntington Bancshares Incorporated $HBAN

Sanctuary Advisors LLC purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, Holdings Channel reports. The fund purchased 168,974 shares of the bank’s stock, valued at approximately $2,996,000.

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

Huntington Bancshares Stock Down 0.5%

Shares of HBAN stock opened at $16.95 on Wednesday. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. 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 has a market cap of $34.25 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. The stock has a 50 day moving average of $17.58 and a 200-day moving average of $16.85.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities analysts predict 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. Shareholders of record on Thursday, September 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. Huntington Bancshares’s dividend payout ratio is 48.06%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a report on Monday, July 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Weiss Ratings raised shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given 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 has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the sale, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction dated 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 transaction, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. Company insiders own 0.67% of the company’s stock.

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.