Key Points
- Insider sale: Huntington Bancshares insider Kendall Kowalski sold 27,971 shares at an average price of $17.20, worth approximately $481,101. The transaction reduced Kowalski’s holdings by 28.54% to 70,025 shares.
- Quarterly performance and dividend: Huntington reported quarterly earnings of $0.39 per share, in line with estimates, and revenue of $2.86 billion, slightly above expectations. The bank declared a quarterly dividend of $0.155, representing a 3.5% annualized yield.
- Analyst and institutional sentiment: Analysts maintain a consensus “Moderate Buy” rating with an average price target of $20.11, compared with shares recently trading near $17.56. Institutional investors own 80.72% of the stock, with major firms including Vanguard and Wellington increasing their positions.
Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) insider Kendall Kowalski sold 27,971 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the transaction, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Huntington Bancshares Stock Performance
Shares of NASDAQ:HBAN opened at $17.56 on Wednesday. The company has a market cap of $35.48 billion, a P/E ratio of 13.61, a PEG ratio of 0.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The business's 50-day simple moving average is $17.32 and its 200 day simple moving average is $16.89.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released 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 11.19% and a net margin of 16.64%.The firm had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.84 billion. During the same quarter in the prior year, the business earned $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 Incorporated will post 1.6 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
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. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares's dividend payout ratio is 48.06%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on HBAN shares. Weiss Ratings raised shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, July 6th. Morgan Stanley reissued an "equal weight" rating and issued a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Evercore restated an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. Stephens reduced their target price on Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating for the company in a research note on Friday, July 24th. Finally, Truist Financial lifted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.11.
Get Our Latest Stock Analysis on HBAN
Institutional Investors Weigh In On Huntington Bancshares
A number of institutional investors have recently made changes to their positions in HBAN. Wellington Management Group LLP lifted its stake in Huntington Bancshares by 4,265.5% during the fourth quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank's stock worth $1,215,955,000 after purchasing an additional 68,478,435 shares during the last quarter. Norges Bank acquired a new stake in shares of Huntington Bancshares during the fourth quarter worth $432,584,000. Vanguard Group Inc. lifted its position in shares of Huntington Bancshares by 8.1% in the 4th quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank's stock worth $3,319,385,000 after buying an additional 14,338,222 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Huntington Bancshares by 27.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank's stock valued at $367,388,000 after buying an additional 5,026,894 shares during the period. Finally, Amundi grew its position in shares of Huntington Bancshares by 30.7% during the 1st quarter. Amundi now owns 19,502,547 shares of the bank's stock valued at $305,215,000 after buying an additional 4,578,566 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.
Huntington Bancshares Company Profile
(
Get Free Report)
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.
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