California State Teachers Retirement System Has $39.75 Million Stock Position in Huntington Bancshares Incorporated $HBAN

California State Teachers Retirement System boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 24.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,540,057 shares of the bank’s stock after purchasing an additional 505,627 shares during the quarter. California State Teachers Retirement System’s holdings in Huntington Bancshares were worth $39,752,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Huntington Bancshares by 7.2% during the first quarter. Royal Bank of Canada now owns 4,373,546 shares of the bank’s stock worth $68,447,000 after purchasing an additional 293,375 shares during the period. Rhino Investment Partners Inc acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at approximately $13,798,000. Empowered Funds LLC increased its stake in Huntington Bancshares by 91.3% during the 1st quarter. Empowered Funds LLC now owns 98,452 shares of the bank’s stock worth $1,541,000 after purchasing an additional 46,989 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Huntington Bancshares by 18.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,332,536 shares of the bank’s stock worth $83,454,000 after purchasing an additional 828,322 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Huntington Bancshares during the 1st quarter worth approximately $1,302,000. Institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director owned 612,155 shares in the company, valued at $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the 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 owned 267,859 shares in the company, valued at $4,821,462. The trade was a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have bought 22,000 shares of company stock valued at $401,219 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $17.04 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s fifty day moving average price is $17.26 and its two-hundred day moving average price is $16.90. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 0.81 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same period in the prior year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.6 EPS for the current year.

Huntington Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a report on Thursday, April 23rd. UBS Group boosted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Royal Bank Of Canada increased their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.11.

About Huntington Bancshares

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.