Allspring Global Investments Holdings LLC Buys 90,203 Shares of Huntington Bancshares Incorporated $HBAN

Allspring Global Investments Holdings LLC raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 125.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 161,862 shares of the bank’s stock after buying an additional 90,203 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Huntington Bancshares were worth $2,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HBAN. Wellington Management Group LLP grew its position in Huntington Bancshares by 4,265.5% during the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock worth $1,215,955,000 after acquiring an additional 68,478,435 shares during the last quarter. Norges Bank acquired a new stake in shares of Huntington Bancshares during the fourth quarter valued at about $432,584,000. Vanguard Group Inc. boosted its stake in shares of Huntington Bancshares by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after purchasing an additional 14,338,222 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Huntington Bancshares by 2,458.7% during the fourth quarter. Marshall Wace LLP now owns 4,516,068 shares of the bank’s stock worth $78,354,000 after purchasing an additional 4,339,571 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Huntington Bancshares during the fourth quarter worth about $75,236,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $17.36 on Friday. The stock has a market capitalization of $35.19 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.78 and a beta of 0.93. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The stock’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $16.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $2.85 billion during 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 last year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 48.06%.

Insiders Place Their Bets

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction on Friday, June 12th. The shares were 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 directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $190,224.00. Following the transaction, the executive vice president owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders acquired 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 Roundup

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

• Positive Sentiment: HBAN reported Q2 adjusted EPS of $0.39, matching Wall Street estimates, while revenue came in slightly ahead of expectations. Management also raised FY 2026 EPS guidance to $1.90-$1.93, above consensus, signaling confidence in continued earnings growth. Article Title
• Positive Sentiment: The bank highlighted growth in net interest income, fee income, loans, and deposits, which supports the view that core business trends remain healthy. Article Title
• Positive Sentiment: Huntington also announced a quarterly dividend of $0.155 per share, which may appeal to income-focused investors and reinforces capital return plans.
• Neutral Sentiment: Analysts remain broadly constructive, with consensus calling the stock a “Moderate Buy,” but several firms kept only an “equal weight” view.
• Neutral Sentiment: Morgan Stanley and Stephens both lowered their price targets to $19, while Robert W. Baird raised its target to $21 and kept an outperform rating, leaving the analyst message mixed overall.
• Negative Sentiment: Rising funding costs pressured Q2 margins, and higher expenses and provisions remain a headwind for profitability. Article Title
• Negative Sentiment: The recent pullback in analyst price targets may be limiting upside expectations, even after the earnings report.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Robert W. Baird boosted 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. Weiss Ratings upgraded shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Stephens decreased their price target on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Jefferies Financial Group set a $18.00 price target on shares of Huntington Bancshares in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.14.

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.