Kingsview Wealth Management LLC Makes New $1.01 Million Investment in Huntington Bancshares Incorporated $HBAN

Kingsview Wealth Management LLC acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 56,890 shares of the bank’s stock, valued at approximately $1,009,000.

Several other hedge funds have also added to or reduced their stakes in HBAN. MV Capital Management Inc. purchased a new stake in Huntington Bancshares during the fourth quarter valued at about $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR purchased a new position in Huntington Bancshares in the 4th quarter worth approximately $28,000. Trust Co. of Vermont purchased a new position in Huntington Bancshares in the 2nd quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $31,000. 80.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction 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 completion of 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 can be accessed through this link. 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 firm’s 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 $10,620,889.25. This represents a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 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 Stock Up 0.4%

Shares of Huntington Bancshares stock opened at $16.92 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. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The company has a market cap of $34.19 billion, a P/E ratio of 13.12, a PEG ratio of 0.80 and a beta of 0.94. The company’s fifty day simple moving average is $17.59 and its two-hundred day simple moving average is $16.82.

Huntington Bancshares (NASDAQ:HBAN) last posted its 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 net margin of 16.64% and a return on equity of 11.19%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued 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 3.7%. Huntington Bancshares’s dividend payout ratio is 48.06%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HBAN shares. Robert W. Baird lifted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Monday, July 6th. Truist Financial boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. UBS Group upped 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. 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 equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.