NEOS Investment Management LLC Boosts Holdings in Huntington Bancshares Incorporated $HBAN

NEOS Investment Management LLC boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 333,790 shares of the bank’s stock after purchasing an additional 42,695 shares during the quarter. NEOS Investment Management LLC’s holdings in Huntington Bancshares were worth $5,918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MV Capital Management Inc. purchased a new position in Huntington Bancshares in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares during the 3rd quarter valued at $26,000. Centennial Bank AR bought a new stake in shares of Huntington Bancshares in the 4th quarter worth $28,000. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth $29,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Huntington Bancshares in the second quarter worth $31,000. 80.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, July 6th. UBS Group upped their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Robert W. Baird upped their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $17.03 on Monday. The stock has a market cap of $34.41 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The stock has a fifty day moving average of $17.52 and a 200 day moving average of $16.77.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter in the prior year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, sell-side 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. 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 presently 48.06%.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction on Monday, August 3rd. The stock was 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 262,061 shares of company stock valued at $4,549,432. 0.67% of the stock is owned by insiders.

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.