Commerzbank Aktiengesellschaft FI Acquires Shares of 96,971 Huntington Bancshares Incorporated $HBAN

Commerzbank Aktiengesellschaft FI bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, HoldingsChannel.com reports. The firm bought 96,971 shares of the bank’s stock, valued at approximately $1,719,000.

Several other hedge funds also recently made changes to their positions in HBAN. Trust Co. of Vermont acquired a new stake in shares of Huntington Bancshares during the 2nd quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Huntington Bancshares in the second quarter valued at about $88,853,000. OneDigital Investment Advisors LLC acquired a new position in Huntington Bancshares in the second quarter valued at about $575,000. AMG National Trust Bank bought a new stake in Huntington Bancshares during the second quarter worth about $2,971,000. Finally, Simplicity Wealth LLC acquired a new stake in Huntington Bancshares during the second quarter worth about $258,000. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group increased their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Jefferies Financial Group set a $18.00 price objective on shares of Huntington Bancshares in a research report on Thursday, July 23rd. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $20.24.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $17.95 on Tuesday. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $36.27 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.85 and a beta of 0.94. The firm has a 50 day simple moving average of $17.59 and a 200 day simple moving average of $16.88.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter in the previous year, the firm posted $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 fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 48.06%.

Insider Buying and Selling

In other 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 transaction of $190,224.00. Following the completion of the transaction, the executive vice president owned 267,859 shares of the company’s stock, 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction on Friday, June 12th. The stock was 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 in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 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.

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.