The Manufacturers Life Insurance Company Increases Stock Holdings in Huntington Bancshares Incorporated $HBAN

The Manufacturers Life Insurance Company increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,332,536 shares of the bank’s stock after acquiring an additional 828,322 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Huntington Bancshares were worth $83,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HBAN. Values First Advisors Inc. boosted its holdings in Huntington Bancshares by 3.0% in the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after purchasing an additional 604 shares during the period. MCF Advisors LLC increased its holdings in shares of Huntington Bancshares by 12.6% in the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock worth $95,000 after purchasing an additional 609 shares during the period. Balboa Wealth Partners increased its holdings in shares of Huntington Bancshares by 2.5% in the first quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after purchasing an additional 662 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Huntington Bancshares by 4.3% in the third quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after buying an additional 694 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Huntington Bancshares by 0.4% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 189,963 shares of the bank’s stock worth $3,296,000 after buying an additional 700 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HBAN shares. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price for the company in a research report on Thursday, April 23rd. Stephens dropped their price target on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group cut their price objective on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. Wolfe Research decreased their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Finally, Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.11.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was 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 of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the company’s 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 sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This trade represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders acquired 22,000 shares of company stock valued at $401,219. 0.67% of the stock is owned by insiders.

Huntington Bancshares Trading Down 2.7%

NASDAQ HBAN opened at $16.84 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $17.21 and its two-hundred day simple moving average is $16.90. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.82 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.6 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. Huntington Bancshares’s payout ratio is presently 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.