Huntington Bancshares Surges to 399th in Trading Volume Despite Stock Decline

On April 30, 2025, Huntington Bancshares Incorporated (HBAN) experienced a significant increase in trading volume, with a total of $266 million in shares traded, marking a 33.06% rise from the previous day. This surge in trading activity placed HBAN at the 399th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of HBAN decreased by 0.75%.

Huntington Bancshares Incorporated reported a net income of $527 million for the first quarter of 2025, equivalent to $0.34 per common share. This figure represents a decrease from the previous quarter's earnings. The company's financial performance is underpinned by a strong financial foundation, with notable growth in net interest income.

Huntington Bank is accelerating its expansion in the Carolinas region, with plans to open 55 new branches by 2027. The first locations in Charlotte and Spartanburg are set to launch in May, marking a significant step in the bank's growth strategy. This expansion is part of Huntington's broader initiative to enhance its presence and services in key markets.

Huntington Bancshares Incorporated has received a consensus recommendation of "Moderate Buy" from 21 brokerages currently covering the company. Analysts have assigned a range of ratings, including sell, hold, buy, and strong buy recommendations. The average 12-month price target for the stock is $17.45, reflecting a generally positive outlook among analysts.

Huntington Bancshares Incorporated announced a stock buyback program on April 17, 2025, authorizing the company to repurchase up to $1 billion in outstanding shares. This program allows the bank to buy back up to 5% of its stock through open market purchases, indicating the company's belief that its shares are undervalued. Additionally, the company declared a quarterly dividend of $0.155 per share, payable on July 1, 2025, to stockholders of record on June 17, 2025. This dividend represents an annualized payout of $0.62 and a dividend yield of 4.23%.

Recent insider trading activity at Huntington Bancshares Incorporated includes the sale of 70,417 shares by VP Brantley J. Standridge and 69,088 shares by VP Scott D. Kleinman. These transactions resulted in a decrease in their respective ownership stakes in the company. Over the past 90 days, insiders have sold a total of 211,051 shares valued at $2,992,685. Institutional investors and hedge funds own 80.72% of the company's stock, with several funds recently adjusting their positions in the company.