204,427 Shares in Huntington Bancshares Incorporated $HBAN Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 204,427 shares of the bank’s stock, valued at approximately $3,624,000.

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

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $16.73 on Friday. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.90 and a beta of 0.92. The business has a 50 day moving average price of $17.43 and a 200 day moving average price of $16.74. 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 Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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

Analyst Ratings Changes

HBAN has been the topic of several recent research reports. Evercore restated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a report on Monday, July 6th. Wells Fargo & Company started coverage on Huntington Bancshares in a report on Monday, August 17th. They set an “overweight” rating and a $23.00 price objective on the stock. Stephens cut their price objective on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Truist Financial boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Robert W. Baird upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy Hingst sold 10,568 shares of the 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 sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This 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, insider Kendall Kowalski sold 27,971 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares in the company, valued at $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is owned by corporate insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.