EP Wealth Advisors LLC Takes Position in Huntington Bancshares Incorporated $HBAN

EP Wealth Advisors LLC acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,426 shares of the bank’s stock, valued at approximately $859,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HBAN. MV Capital Management Inc. bought a new position in Huntington Bancshares in the fourth quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares during the 3rd quarter valued at about $26,000. Centennial Bank AR bought a new position in shares of Huntington Bancshares in the fourth quarter worth approximately $28,000. Trust Co. of Vermont purchased a new position in shares of Huntington Bancshares in the second quarter worth $29,000. Finally, Johnson Financial Group Inc. purchased a new stake in Huntington Bancshares during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $17.03 on Monday. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. 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 company 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. The stock’s 50-day moving average price is $17.60 and its 200-day moving average price is $16.87.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore reissued an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. Morgan Stanley restated an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Friday, July 24th. Wells Fargo & Company assumed coverage on shares of Huntington Bancshares in a report on Monday, August 17th. They set an “overweight” rating and a $23.00 target price on the stock. Stephens cut their price target on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, July 6th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.24.

Insider Buying and Selling

In other Huntington Bancshares news, insider Kendall A. 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 value of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares 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 owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have acquired 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by insiders.

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.