Director Gary Torgow of Huntington Bancshares (NASDAQ:HBAN) bought 14,200 shares of the company’s common stock on February 19, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were acquired at $17.81 apiece, bringing the total consideration for the transaction to approximately $252,901.
Following that purchase, the filing shows Torgow directly holds 943,340.95 shares of Huntington Bancshares. The disclosure also notes indirect holdings of 5,675 shares through a spouse. At the time the report referenced market data, HBAN was trading at $17.08 and carried a price-to-earnings ratio of 12.31. An InvestingPro analysis cited in the filing indicates the company is trading below its assessed Fair Value.
Investors may also note Huntington’s dividend profile: the bank pays a dividend yield of 3.44% and has maintained dividend distributions for 56 consecutive years. The Form 4 filing and related materials reference InvestingPro as a source for additional ProTips and deeper valuation and financial analysis for HBAN.
The share purchase occurs against the backdrop of a major strategic transaction for the bank. Huntington recently completed its merger with Cadence Bank, a deal that significantly broadened the company’s footprint in Texas and the Southeast. Post-merger, Huntington’s balance sheet stands at about $279 billion in total assets, with roughly $221 billion in deposits and approximately $187 billion in loans. The acquisition added 390 branches and expands Huntington’s network to nearly 1,400 locations spanning 21 states.
Analysts have reacted to the expanded scale with varying forms of support. Evercore ISI initiated coverage of Huntington Bancshares with an Outperform rating and a $21.00 price target, citing the bank’s increased presence in growth markets. Morgan Stanley reiterated an Overweight rating with a $21.00 price target and continued to list Huntington as a top pick. The coverage noted a recent revision of its 2027 earnings per share guidance to a range of $1.90-1.93, and Morgan Stanley remained optimistic citing higher revenue targets.
Truist Securities also maintained a Buy rating on Huntington, though it adjusted its earnings-per-share estimates downward for both 2026 and 2027. Collectively, these analyst actions reflect continued institutional interest even as certain forecasts have been moderated.
The transaction by a sitting director, combined with the completed Cadence integration and ongoing analyst support, leaves Huntington positioned with greater scale in markets targeted for growth. For readers seeking expanded valuation context and more granular financial metrics, the filing notes that InvestingPro provides additional analysis and ProTips on HBAN.