NEOS Investment Management LLC Boosts Stock Position in Huntington Bancshares Incorporated $HBAN

NEOS Investment Management LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.7% in the second quarter, HoldingsChannel reports. The fund owned 333,790 shares of the bank’s stock after acquiring an additional 42,695 shares during the period. NEOS Investment Management LLC’s holdings in Huntington Bancshares were worth $5,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in Huntington Bancshares by 24.5% during the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock valued at $9,248,000 after acquiring an additional 104,965 shares during the period. Equitable Holdings Inc. bought a new position in shares of Huntington Bancshares in the second quarter worth about $1,093,000. Corient Private Wealth LP bought a new position in shares of Huntington Bancshares in the second quarter worth about $21,187,000. Creative Financial Designs Inc. ADV grew its position in shares of Huntington Bancshares by 688.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock worth $1,500,000 after purchasing an additional 75,516 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Huntington Bancshares by 25.4% during the fourth quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock worth $141,625,000 after purchasing an additional 1,652,464 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Kendall A. Kowalski sold 27,971 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at $1,204,430. The trade was a 28.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the sale, the director owned 612,155 shares in the company, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 262,061 shares of company stock worth $4,549,432. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.03 on Monday. The stock has a 50 day moving average of $17.52 and a 200 day moving average of $16.77. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The firm has a market cap of $34.41 billion, a PE ratio of 13.20, a PEG ratio of 0.93 and a beta of 0.92. 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 released its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting 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 analysts’ expectations of $2.84 billion. During the same quarter last year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HBAN. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Evercore reiterated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, July 6th. Wells Fargo & Company started coverage on shares of Huntington Bancshares in a report on Monday, August 17th. They issued an “overweight” rating and a $23.00 target price on the stock. Finally, Truist Financial upped their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $20.24.

Huntington Bancshares Company 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.