Cibc World Market Inc. Makes New Investment in Huntington Bancshares Incorporated $HBAN

Cibc World Market Inc. bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 338,916 shares of the bank’s stock, valued at approximately $6,009,000.

A number of other large investors have also modified their holdings of HBAN. MV Capital Management Inc. acquired a new position in Huntington Bancshares during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $26,000. Centennial Bank AR acquired a new stake in Huntington Bancshares in the fourth quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new stake in Huntington Bancshares in the second quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the transaction, the director directly owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares of the company’s stock, valued at $1,204,430. The trade was a 28.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on HBAN shares. JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Robert W. Baird raised their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. UBS Group lifted their price target 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a report on Tuesday, August 18th. Finally, Wells Fargo & Company started coverage on shares of Huntington Bancshares in a research report on Monday, August 17th. They issued an “overweight” rating and a $23.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.24.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $16.95 on Wednesday. The business’s 50 day moving average is $17.58 and its two-hundred day moving average is $16.85. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The firm has a market cap of $34.25 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.81 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS 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 company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be paid 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 is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is 48.06%.

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.