Presper Financial Architects LLC Buys New Holdings in Huntington Bancshares Incorporated $HBAN

Presper Financial Architects LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,406 shares of the bank’s stock, valued at approximately $858,000. Huntington Bancshares accounts for 0.4% of Presper Financial Architects LLC’s portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in shares of Huntington Bancshares by 24.5% in the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock worth $9,248,000 after acquiring an additional 104,965 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake 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 valued at $1,500,000 after acquiring an additional 75,516 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Huntington Bancshares by 25.4% during the 4th quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock valued at $141,625,000 after acquiring an additional 1,652,464 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Huntington Bancshares by 991.7% during the 1st quarter. International Assets Investment Management LLC now owns 67,588 shares of the bank’s stock valued at $1,073,000 after acquiring 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 1st 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 during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.01 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The business has a 50 day moving average price of $17.61 and a two-hundred day moving average price of $16.88. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm has a market cap of $34.37 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the business earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is 48.06%.

Insider Buying and Selling

In other news, Director James D. Rollins III sold 223,522 shares of the business’s 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 approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the 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 transaction, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. The trade was 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. Over the last quarter, insiders purchased 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. UBS Group raised their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Finally, Jefferies Financial Group set a $18.00 price target on Huntington Bancshares in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.24.

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.