Summary
Scott D. Kleinman, who serves as Senior Executive Vice President at Huntington Bancshares (NASDAQ:HBAN), sold 65,530 shares of the bank’s common stock on March 12, 2026, at $15.28 per share, according to a Form 4 filing with the Securities and Exchange Commission. The transaction produced proceeds of $1,001,298. The sale price was slightly higher than the prevailing market quote of $15.26 and remains below the company’s 52-week peak of $19.45.
Transaction details and holdings
The disposition was carried out automatically under a Rule 10b5-1 trading arrangement that Kleinman adopted on December 5, 2025. After the disposition, Kleinman retains direct ownership of 481,675.6170 shares of Huntington Bancshares common stock. He also holds an indirect stake of 359.0760 shares via the Issuer’s Supplemental Stock Purchase and Tax Savings Plan.
Analyst coverage and company guidance
While the insider sale was mechanical under the established trading plan, the company has been the subject of several analyst updates. DA Davidson reduced its price target for Huntington Bancshares to $20 while maintaining a Buy rating, citing integration risks tied to recent acquisitions but noting management’s strong track record on bank integrations. Truist Securities reiterated its Buy rating and set a $21.00 price target, aligning its earnings-per-share estimates with the company’s updated guidance.
Morgan Stanley preserved an Overweight rating and a $21.00 price target despite downward revisions to earnings guidance and recent share underperformance. The firm reported that Huntington adjusted its 2027 EPS guidance to a range of $1.90-1.93 - a revision that reflects a lower provision for acquired assets combined with higher revenue objectives driven by reinvested synergies. Separately, Evercore ISI began coverage with an Outperform rating and a $21.00 price target, highlighting the bank’s expanded footprint in higher-growth markets following its Cadence acquisition.
Context
These analyst actions show continued institutional interest and positive tilt in ratings, even as estimates and targets are adjusted to reflect integration risk and updated financial guidance. The mix of maintained Buy/Outperform/Overweight ratings and narrowed EPS guidance illustrates that market participants are reconciling future expectations with near-term integration dynamics and revised company targets.
Note: The transaction noted above was reported via Form 4 with the Securities and Exchange Commission and executed under a pre-existing Rule 10b5-1 plan.