Lombard Odier Asset Management Switzerland SA Makes New $740,000 Investment in Huntington Bancshares Incorporated $HBAN

Lombard Odier Asset Management Switzerland SA bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,300 shares of the bank’s stock, valued at approximately $740,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HBAN. MV Capital Management Inc. purchased a new stake in Huntington Bancshares in the 4th quarter worth about $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares during the third quarter valued at about $26,000. Centennial Bank AR purchased a new stake in Huntington Bancshares during the fourth quarter valued at about $28,000. Johnson Financial Group Inc. boosted its position in Huntington Bancshares by 48.8% during the first quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock worth $34,000 after purchasing an additional 707 shares during the period. Finally, DV Equities LLC bought a new position in Huntington Bancshares during the fourth quarter worth about $38,000. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, July 6th. Truist Financial raised their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays lowered shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Wolfe Research lowered their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.11.

Huntington Bancshares Trading Up 0.8%

Shares of HBAN opened at $17.30 on Wednesday. The business’s 50-day moving average price is $17.19 and its 200-day moving average price is $16.91. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The stock has a market cap of $35.07 billion, a PE ratio of 13.41, a P/E/G ratio of 0.79 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.6 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

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 paid a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

Insider Activity at Huntington Bancshares

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 completion of the transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction on Friday, June 12th. The shares were 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 of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 22,000 shares of company stock worth $401,219 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

About Huntington Bancshares

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.