Danica Pension Livsforsikringsaktieselskab Buys Shares of 496,738 Huntington Bancshares Incorporated $HBAN

Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 496,738 shares of the bank’s stock, valued at approximately $8,807,000.

Other large investors also recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares in the third quarter worth about $26,000. Centennial Bank AR bought a new position in Huntington Bancshares in the fourth quarter worth about $28,000. Trust Co. of Vermont acquired a new position in Huntington Bancshares in the second quarter valued at approximately $29,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Huntington Bancshares during the second quarter valued at approximately $35,000. 80.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HBAN shares. Bank of America reiterated a “neutral” rating and set a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Evercore restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, July 6th. Stephens dropped their target price on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One equities research 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, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.

Huntington Bancshares Trading Down 1.6%

Shares of Huntington Bancshares stock opened at $17.66 on Wednesday. The business has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $16.88. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The firm has a market cap of $35.68 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. 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 released its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (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 firm had revenue of $2.86 billion for 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. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares’s payout ratio is currently 48.06%.

Insider Buying and Selling

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the company’s 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 transaction, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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. Insiders own 0.67% of the company’s stock.

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.