Kingsview Wealth Management LLC Invests $1.01 Million in Huntington Bancshares Incorporated $HBAN

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

A number of other large investors have also added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares during the third quarter valued at $26,000. Centennial Bank AR purchased a new position in shares of Huntington Bancshares in the 4th quarter worth about $28,000. Trust Co. of Vermont purchased a new position in shares of Huntington Bancshares in the 2nd quarter worth about $29,000. Finally, Johnson Financial Group Inc. bought a new position in Huntington Bancshares in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.4%

NASDAQ:HBAN opened at $16.92 on Friday. The company has a market cap of $34.19 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. 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 simple moving average of $17.59 and a two-hundred day simple moving average of $16.82. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45.

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

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is 48.06%.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the business’s stock in a transaction 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 sale, the insider directly owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HBAN. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America reaffirmed a “neutral” rating and issued a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Wells Fargo & Company initiated coverage on shares of Huntington Bancshares in a report on Monday, August 17th. They set an “overweight” rating and a $23.00 price target on the stock. UBS Group raised their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.