Headlands Technologies LLC Purchases 149,495 Shares of Huntington Bancshares Incorporated $HBAN

Headlands Technologies LLC lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 310.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 197,722 shares of the bank’s stock after buying an additional 149,495 shares during the quarter. Headlands Technologies LLC’s holdings in Huntington Bancshares were worth $3,506,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HBAN. MV Capital Management Inc. purchased a new stake in Huntington Bancshares in the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares in the 3rd quarter worth about $26,000. Centennial Bank AR bought a new position in Huntington Bancshares in the 4th quarter worth about $28,000. Trust Co. of Vermont purchased a new position in shares of Huntington Bancshares during the second quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. purchased a new position in Huntington Bancshares during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HBAN. Wells Fargo & Company began coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They issued an “overweight” rating and a $23.00 price objective for the company. Robert W. Baird increased their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, August 18th. Stephens lowered their target price on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $16.92 on Monday. The company’s fifty day moving average price is $17.59 and its 200 day moving average price is $16.80. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The company has a market capitalization of $34.19 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.86 billion during 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 company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is currently 48.06%.

Insider Activity at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James D. Rollins III sold 223,522 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was 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 $10,620,889.25. This represents a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders acquired 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. 0.67% of the stock is owned by company 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.