Csenge Advisory Group Makes New Investment in Huntington Bancshares Incorporated $HBAN

Csenge Advisory Group bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, HoldingsChannel reports. The institutional investor bought 33,273 shares of the bank’s stock, valued at approximately $590,000.

Several other institutional investors also recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its position in shares of Huntington Bancshares by 24.5% during the 4th quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock valued at $9,248,000 after acquiring an additional 104,965 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of Huntington Bancshares by 688.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock worth $1,500,000 after acquiring an additional 75,516 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Huntington Bancshares by 25.4% in the 4th quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock worth $141,625,000 after acquiring an additional 1,652,464 shares during the period. International Assets Investment Management LLC increased its stake in Huntington Bancshares by 991.7% in the 1st quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank’s stock valued at $1,073,000 after purchasing an additional 61,397 shares in the last quarter. Finally, SouthState Bank Corp boosted its position in Huntington Bancshares by 19,902.9% during the first quarter. SouthState Bank Corp now owns 131,819 shares of the bank’s stock worth $2,063,000 after purchasing an additional 131,160 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Down 0.9%

HBAN opened at $17.01 on Friday. The firm has a market cap of $34.37 billion, a P/E ratio of 13.19, a PEG ratio of 0.81 and a beta of 0.94. The business’s fifty day simple moving average is $17.61 and its 200 day simple moving average is $16.88. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. 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, meeting the consensus estimate of $0.39. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate 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 company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is presently 48.06%.

Insider Transactions at Huntington Bancshares

In other news, insider Kendall A. 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 sale, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction dated 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 completion of the sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, 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.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HBAN. 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 report on Monday, July 27th. Stephens dropped their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price for the company in a research report on Thursday, April 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Finally, Robert W. Baird raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. One 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.24.

Huntington Bancshares Company 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.