OMERS ADMINISTRATION Corp Has $1.14 Million Stock Position in Huntington Bancshares Incorporated $HBAN

OMERS ADMINISTRATION Corp cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 56.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,894 shares of the bank’s stock after selling 94,906 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Huntington Bancshares were worth $1,141,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Lombard Odier Asset Management Switzerland SA bought a new stake in Huntington Bancshares during the 1st quarter valued at $740,000. Wealth Alliance LLC lifted its stake in shares of Huntington Bancshares by 8.0% in the first quarter. Wealth Alliance LLC now owns 48,507 shares of the bank’s stock valued at $759,000 after buying an additional 3,584 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Huntington Bancshares by 24.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,397,728 shares of the bank’s stock valued at $147,074,000 after buying an additional 1,843,765 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its position in shares of Huntington Bancshares by 10.8% during the first quarter. Dai ichi Life Insurance Company Ltd now owns 68,736 shares of the bank’s stock worth $1,076,000 after acquiring an additional 6,686 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Huntington Bancshares by 19.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,193,295 shares of the bank’s stock worth $81,275,000 after acquiring an additional 856,902 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director directly owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. The trade was 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 three months, insiders have acquired 22,000 shares of company stock valued at $401,219. 0.67% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Down 2.7%

HBAN stock opened at $16.84 on Thursday. The stock has a market cap of $34.14 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.82 and a beta of 0.93. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $17.21 and its two-hundred day simple moving average is $16.90. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company 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 business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.6 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 48.06%.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of recent research reports. Truist Financial boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday. Wolfe Research cut their target price on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Stephens lowered their price target on 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. JPMorgan Chase & Co. raised their price objective on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Robert W. Baird lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.11.

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.