OneDigital Investment Advisors LLC Takes Position in Huntington Bancshares Incorporated $HBAN

OneDigital Investment Advisors LLC acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,459 shares of the bank’s stock, valued at approximately $575,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AMG National Trust Bank acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $2,971,000. Simplicity Wealth LLC acquired a new stake in shares of Huntington Bancshares in the second quarter worth about $258,000. N.E.W. Advisory Services LLC bought a new stake in shares of Huntington Bancshares during the 2nd quarter worth about $35,000. HBK Sorce Advisory LLC acquired a new position in shares of Huntington Bancshares during the 2nd quarter valued at about $354,000. Finally, Global Retirement Partners LLC bought a new position in shares of Huntington Bancshares in the 2nd quarter valued at approximately $440,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the sale, the executive vice president 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 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 have bought 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HBAN has been the topic of several analyst reports. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a report on Thursday, April 23rd. Bank of America reiterated a “neutral” rating and issued a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. 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. Stephens cut their price objective on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings raised Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.66 on Wednesday. The stock has a market cap of $35.68 billion, a P/E ratio of 13.69, a PEG ratio of 0.85 and a beta of 0.94. The company’s 50-day simple moving average is $17.60 and its 200 day simple moving average is $16.88. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve 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.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share 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. 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 3.5%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is currently 48.06%.

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.