Huntington Bancshares Incorporated $HBAN Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 638,779 shares of the bank’s stock after acquiring an additional 72,920 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Huntington Bancshares were worth $11,326,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Huntington Bancshares by 10.8% in the second quarter. Tidal Investments LLC now owns 106,991 shares of the bank’s stock valued at $1,897,000 after purchasing an additional 10,428 shares during the period. National Pension Service grew its stake in shares of Huntington Bancshares by 22.2% in the second quarter. National Pension Service now owns 3,258,691 shares of the bank’s stock worth $57,777,000 after acquiring an additional 590,956 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Huntington Bancshares during the second quarter worth $3,624,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Huntington Bancshares in the second quarter valued at $224,000. Finally, Integrated Wealth Concepts LLC grew its stake in Huntington Bancshares by 14.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 114,363 shares of the bank’s stock worth $2,028,000 after purchasing an additional 14,328 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 0.6%

Huntington Bancshares stock opened at $16.73 on Friday. The stock has a 50-day simple moving average of $17.43 and a 200-day simple moving average of $16.74. The company has a market capitalization of $33.80 billion, a P/E ratio of 12.97, a PEG ratio of 0.90 and a beta of 0.92. 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 fifty-two week low of $14.89 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current 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 given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is 48.06%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a report on Thursday, July 23rd. Evercore reiterated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, July 6th. Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Finally, UBS Group lifted their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.24.

Insider Buying and Selling

In other news, insider Kendall Kowalski sold 27,971 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the transaction, the insider owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marcy Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the transaction, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.