Bessemer Group Inc. Acquires 37,451 Shares of Huntington Bancshares Incorporated $HBAN

Bessemer Group Inc. lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 246.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 52,620 shares of the bank’s stock after purchasing an additional 37,451 shares during the quarter. Bessemer Group Inc.’s holdings in Huntington Bancshares were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in shares of Huntington Bancshares in the fourth quarter valued at about $25,000. Palisade Asset Management LLC bought a new stake in shares of Huntington Bancshares during the 3rd quarter worth about $26,000. Centennial Bank AR bought a new stake in shares of Huntington Bancshares during the 4th quarter worth about $28,000. DV Equities LLC acquired a new position in Huntington Bancshares in the 4th quarter valued at about $38,000. Finally, Quest 10 Wealth Builders Inc. raised its holdings in Huntington Bancshares by 403.1% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 2,611 shares of the bank’s stock valued at $45,000 after acquiring an additional 2,092 shares during the period. Institutional investors own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HBAN. Royal Bank Of Canada upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wolfe Research decreased their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a research report on Thursday, April 23rd. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Evercore reissued an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $20.20.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $17.40 on Friday. The business has a fifty day moving average price of $17.09 and a two-hundred day moving average price of $16.93. The stock has a market capitalization of $35.27 billion, a PE ratio of 13.38, a P/E/G ratio of 0.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued a $0.155 dividend. 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 currently 47.69%.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction that occurred 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 in the company, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought a total of 33,500 shares of company stock valued at $617,542 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares News Summary

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Adjusted Q2 EPS came in at $0.39, matching Wall Street estimates and improving from $0.38 a year ago, while revenue of about $2.85 billion was slightly ahead of expectations. Article link
• Positive Sentiment: Net interest income, fee income, loans, and deposits all increased year over year, pointing to solid underlying business momentum. Article link
• Positive Sentiment: The company raised full-year 2026 EPS guidance to $1.90-$1.93, above the consensus estimate, signaling management confidence in earnings growth ahead.
• Neutral Sentiment: Huntington said it maintained its 2026 outlook overall, and investors are likely focusing on the balance between stronger income trends and softer margins. Article link
• Negative Sentiment: Net interest margin declined in the quarter as funding costs rose, which may temper enthusiasm even with stronger revenue and earnings growth. Article link
• Negative Sentiment: Rising expenses and provisions remain a headwind, suggesting some pressure on profitability despite the better operating revenue mix. Article link

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.