Meeder Advisory Services Inc. Invests $1.09 Million in Huntington Bancshares Incorporated $HBAN

Meeder Advisory Services Inc. purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, Holdings Channel reports. The fund purchased 61,697 shares of the bank’s stock, valued at approximately $1,094,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in Huntington Bancshares during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter valued at approximately $26,000. Centennial Bank AR bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new stake in shares of Huntington Bancshares during the 2nd quarter valued at approximately $29,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Huntington Bancshares during the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the sale, the executive vice president owned 267,859 shares of the company’s stock, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction dated 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 owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders bought 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research reports. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. 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 price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Bank of America reaffirmed a “neutral” rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.24.

Huntington Bancshares Trading Down 2.8%

NASDAQ:HBAN opened at $17.17 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The firm has a market capitalization of $34.69 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The business has a 50 day simple moving average of $17.61 and a 200 day simple moving average of $16.88.

Huntington Bancshares (NASDAQ:HBAN) last issued 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. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period last 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 predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

Huntington Bancshares 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.