Elevation Point Wealth Partners LLC Takes Position in Huntington Bancshares Incorporated $HBAN

Elevation Point Wealth Partners LLC acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 67,933 shares of the bank’s stock, valued at approximately $1,208,000.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Huntington Bancshares by 5.0% during the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after buying an additional 1,366 shares during the period. Woodline Partners LP raised its position in Huntington Bancshares by 40.8% in the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock valued at $1,844,000 after buying an additional 35,574 shares during the last quarter. Brown Advisory Inc. lifted its stake in Huntington Bancshares by 8.3% in the 2nd quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock valued at $662,000 after acquiring an additional 3,023 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Huntington Bancshares by 6.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock valued at $3,674,000 after acquiring an additional 12,865 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Huntington Bancshares by 6.2% during the 2nd quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock worth $11,859,000 after acquiring an additional 41,156 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, July 6th. Robert W. Baird increased their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Wells Fargo & Company assumed coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, UBS Group increased their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.03 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average price is $17.60 and its two-hundred day moving average price is $16.87. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45. The firm has a market capitalization of $34.41 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94.

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, hitting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates 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. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given 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 of this dividend is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 48.06%.

Insider Transactions at Huntington Bancshares

In related news, insider Kendall A. 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 transaction of $481,101.20. Following the transaction, the insider directly owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on 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 in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, 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 currently owned by corporate insiders.

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.