Huntington Bancshares Incorporated $HBAN Position Reduced by Bank of Nova Scotia

Bank of Nova Scotia reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 92.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 298,936 shares of the bank’s stock after selling 3,462,734 shares during the quarter. Bank of Nova Scotia’s holdings in Huntington Bancshares were worth $4,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HBAN. Empowered Funds LLC grew its holdings in shares of Huntington Bancshares by 5.0% during the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after purchasing an additional 1,366 shares during the last quarter. Woodline Partners LP grew its stake in Huntington Bancshares by 40.8% during the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after buying an additional 35,574 shares during the last quarter. Brown Advisory Inc. increased its position in Huntington Bancshares by 8.3% in the second quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock worth $662,000 after buying an additional 3,023 shares during the period. Daiwa Securities Group Inc. increased its position in Huntington Bancshares by 6.2% in the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock worth $3,674,000 after buying an additional 12,865 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Huntington Bancshares by 6.2% during the second quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock valued at $11,859,000 after acquiring an additional 41,156 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

HBAN stock opened at $17.16 on Tuesday. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The firm has a 50-day moving average of $17.16 and a two-hundred day moving average of $16.92. The firm has a market capitalization of $34.79 billion, a PE ratio of 13.30, a P/E/G ratio of 0.78 and a beta of 0.93. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS 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 business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be paid 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 3.6%. Huntington Bancshares’s payout ratio is 48.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday. Piper Sandler raised Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a report on Thursday, April 23rd. Barclays cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stephens decreased their price target on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.07.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was 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 trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 22,000 shares of company stock valued at $401,219 over the last three months. Insiders own 0.67% of the company’s stock.

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.