California State Teachers Retirement System Has $50.84 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Key Points

• California State Teachers Retirement System increased its Huntington Bancshares stake by 12.9% in the second quarter, holding 2.87 million shares valued at approximately $50.84 million. Institutional investors and hedge funds collectively own 80.72% of the stock.
• Analysts maintain a generally positive outlook, with Huntington receiving a consensus “Moderate Buy” rating and an average price target of $20.24, above its reported trading price of $16.80.
• Huntington reported quarterly earnings of $0.39 per share and revenue of $2.86 billion, while maintaining a quarterly dividend of $0.155 per share, equivalent to a 3.7% annualized yield.

California State Teachers Retirement System lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 12.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,867,346 shares of the bank's stock after buying an additional 327,289 shares during the period. California State Teachers Retirement System owned about 0.14% of Huntington Bancshares worth $50,838,045 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MV Capital Management Inc. acquired a new position in shares of Huntington Bancshares during the fourth quarter worth $25,000. Centennial Bank AR purchased a new position in shares of Huntington Bancshares in the 4th quarter valued at approximately $28,000. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the second quarter worth approximately $29,000. Johnson Financial Group Inc. bought a new stake in Huntington Bancshares during the second quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in Huntington Bancshares during the second quarter valued at $35,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the transaction, the insider owned 70,025 shares in the company, valued at $1,204,430. This represents a 28.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HBAN shares. UBS Group raised their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reissued an "outperform" rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Stephens reduced 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, July 24th. Wells Fargo & Company started coverage on shares of Huntington Bancshares in a research report on Monday, August 17th. They set an "overweight" rating and a $23.00 target price on the stock. Finally, Evercore restated an "outperform" rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and an average target price of $20.24.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded up $0.03 during trading hours on Tuesday, reaching $16.80. The company's stock had a trading volume of 26,767,698 shares, compared to its average volume of 26,731,125. The stock has a market cap of $33.93 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. 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 price of $17.39 and a 200-day moving average price of $16.74.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share 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 $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares's payout ratio is currently 48.06%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.

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