Mascagni Wealth Management Inc. Makes New $842,000 Investment in Huntington Bancshares Incorporated $HBAN

Mascagni Wealth Management Inc. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,804 shares of the bank’s stock, valued at approximately $842,000.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in Huntington Bancshares in the first quarter valued at $184,000. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Huntington Bancshares by 29.7% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 52,830 shares of the bank’s stock valued at $827,000 after purchasing an additional 12,091 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Huntington Bancshares by 27.5% in the 1st quarter. Janus Henderson Group PLC now owns 244,907 shares of the bank’s stock valued at $3,832,000 after purchasing an additional 52,866 shares during the period. Bull Harbor Capital LLC acquired a new stake in Huntington Bancshares in the 1st quarter valued at about $208,000. Finally, Strategic Investment Advisors MI bought a new position in Huntington Bancshares during the first quarter worth about $419,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction dated 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 directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares 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 completion of 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. Insiders have acquired a total of 22,000 shares of company stock worth $401,219 in the last quarter. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HBAN shares. Robert W. Baird boosted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research note on Thursday, July 23rd. The Goldman Sachs Group decreased their target price on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Bank of America restated a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research note on Monday. Finally, Barclays downgraded Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Huntington Bancshares Trading Up 1.4%

Shares of NASDAQ:HBAN opened at $17.08 on Friday. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The stock has a market cap of $34.62 billion, a PE ratio of 13.24, a P/E/G ratio of 0.80 and a beta of 0.93. The business has a 50 day moving average of $17.24 and a 200-day moving average of $16.89. 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 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 company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter last year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.6 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 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.