Huntington Bancshares Incorporated (NASDAQ:HBAN) to Issue $0.15 Quarterly Dividend

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, September 17th will be given a dividend of 0.155 per share by the bank on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 17th.

Huntington Bancshares has raised its dividend by an average of 0.0%annually over the last three years. Huntington Bancshares has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Bancshares to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 32.5%.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.40 on Friday. The company has a market capitalization of $35.27 billion, a PE ratio of 13.38, a P/E/G ratio of 0.82 and a beta of 0.93. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares has a twelve month low of $14.89 and a twelve month high of $19.45. The firm has a fifty day simple moving average of $17.09 and a 200 day simple moving average of $16.93.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, sell-side analysts forecast that Huntington Bancshares will post 1.62 EPS for the current year.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on 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 sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders bought 33,500 shares of company stock worth $617,542. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBAN. CIBC Asset Management Inc grew its stake in shares of Huntington Bancshares by 24.5% in the 4th quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock worth $9,248,000 after purchasing an additional 104,965 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Huntington Bancshares by 688.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock valued at $1,500,000 after purchasing an additional 75,516 shares during the period. KBC Group NV raised its holdings in Huntington Bancshares by 16.3% during the 4th quarter. KBC Group NV now owns 2,820,816 shares of the bank’s stock worth $48,941,000 after buying an additional 395,489 shares during the period. Hsbc Holdings PLC lifted its stake 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 in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Huntington Bancshares by 991.7% during 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. 80.72% of the stock is currently owned by institutional investors.

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.