Huntington Bancshares Incorporated $HBAN Shares Bought by Moore Capital Management LP

Moore Capital Management LP grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 9.1% during the second quarter, HoldingsChannel reports. The firm owned 1,186,600 shares of the bank’s stock after buying an additional 98,600 shares during the period. Moore Capital Management LP’s holdings in Huntington Bancshares were worth $21,038,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in Huntington Bancshares by 24.5% during the 4th quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock worth $9,248,000 after buying an additional 104,965 shares during the period. Equitable Holdings Inc. purchased a new position in Huntington Bancshares in the 2nd quarter valued at about $1,093,000. Corient Private Wealth LP purchased a new position in Huntington Bancshares in the 2nd quarter valued at about $21,187,000. Creative Financial Designs Inc. ADV grew its stake in shares of Huntington Bancshares by 688.9% during the fourth 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 in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Huntington Bancshares by 25.4% during the fourth 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 last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. The trade was a 3.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 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.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $16.92 on Monday. 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 Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The firm’s 50-day simple moving average is $17.59 and its 200-day simple moving average is $16.80. The firm has a market cap 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.

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

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 48.06%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HBAN shares. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Truist Financial raised their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. UBS Group lifted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Wells Fargo & Company assumed coverage on Huntington Bancshares in a research report on Monday, August 17th. They issued an “overweight” rating and a $23.00 target price on the stock. Finally, Stephens reduced their target price on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.