New Mexico Educational Retirement Board Has $1.79 Million Stock Position in Huntington Bancshares Incorporated $HBAN

New Mexico Educational Retirement Board raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 49.6% in the second quarter, HoldingsChannel.com reports. The firm owned 100,976 shares of the bank’s stock after purchasing an additional 33,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Huntington Bancshares were worth $1,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $3,134,426,000. Wellington Management Group LLP boosted its position in shares of Huntington Bancshares by 4,265.5% during the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock worth $1,215,955,000 after purchasing an additional 68,478,435 shares in the last quarter. Norges Bank acquired a new stake in Huntington Bancshares in the 4th quarter valued at $432,584,000. Bank of America Corp DE bought a new stake in Huntington Bancshares during the 2nd quarter worth approximately $256,772,000. Finally, Bank of New York Mellon Corp purchased a new stake in Huntington Bancshares in the 2nd quarter valued at $229,246,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $16.92 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $34.19 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.80 and a beta of 0.94. The stock has a 50 day moving average price of $17.59 and a 200-day moving average price of $16.80. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. Huntington Bancshares’s payout ratio is 48.06%.

Insider Transactions at Huntington Bancshares

In other news, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares 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 sale, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders acquired 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HBAN shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Bank of America reissued a “neutral” rating and set a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Monday, July 6th. One research 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. According to data from MarketBeat, the stock presently has an average 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.