205,194 Shares of Huntington Bancshares Incorporated $HBAN Acquired by Community Trust & Investment Co.

Community Trust & Investment Co. acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 3rd quarter, HoldingsChannel reports. The fund acquired 205,194 shares of the bank’s stock, valued at approximately $3,131,000.

Several other large investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its holdings in Huntington Bancshares by 565.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,926,745 shares of the bank’s stock worth $136,222,000 after acquiring an additional 7,584,294 shares in the last quarter. Mainsail Asset Management LLC boosted its position in shares of Huntington Bancshares by 6.5% in the 3rd quarter. Mainsail Asset Management LLC now owns 13,273 shares of the bank’s stock worth $203,000 after purchasing an additional 812 shares in the last quarter. B.A. Schrock Wealth Management Inc. purchased a new stake in Huntington Bancshares in the third quarter valued at about $164,000. Summit Financial Strategies Inc. raised its position in shares of Huntington Bancshares by 8.4% in the 3rd quarter. Summit Financial Strategies Inc. now owns 41,151 shares of the bank’s stock valued at $628,000 after purchasing an additional 3,195 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in Huntington Bancshares during the 3rd quarter valued at approximately $843,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $15.35 on Friday. 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 stock has a market cap of $31.01 billion, a P/E ratio of 11.90, a PEG ratio of 0.96 and a beta of 0.95. The company has a 50-day moving average price of $16.38 and a 200 day moving average price of $16.67. Huntington Bancshares Incorporated has a 12-month low of $14.82 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were given a dividend of $0.1550 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. Huntington Bancshares’s payout ratio is currently 48.06%.

Analysts Set New Price Targets

Several analysts have recently commented on HBAN shares. Keefe, Bruyette & Woods dropped their price objective on shares of Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating on the stock in a report on Tuesday, October 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, August 18th. JPMorgan Chase & Co. cut their target price on shares of Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating for the company in a report on Friday, October 2nd. Bank of America reaffirmed a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Finally, Evercore reduced their target price on Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.19.

Insiders Place Their Bets

In other news, insider Kendall Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction on Monday, August 3rd. The shares were 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 approximately $1,204,430. The trade was a 28.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.