Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Sells $99,600.65 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 6,455 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Helga Houston also recently made the following trade(s):

• On Monday, July 29th, Helga Houston sold 11,288 shares of Huntington Bancshares stock. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76.

Huntington Bancshares Trading Down 1.2 %

Shares of Huntington Bancshares stock opened at $15.38 on Friday. The company has a market capitalization of $22.34 billion, a P/E ratio of 14.79, a P/E/G ratio of 3.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The company has a fifty day moving average of $14.75 and a 200 day moving average of $13.99. Huntington Bancshares Incorporated has a fifty-two week low of $9.35 and a fifty-two week high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the prior year, the company posted $0.36 EPS. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.03%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HBAN. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Baird R W cut Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Bank of America lifted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley boosted their price target on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group lowered their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.03.

Institutional Investors Weigh In On Huntington Bancshares

A number of hedge funds have recently made changes to their positions in the company. Boston Partners increased its position in Huntington Bancshares by 20.4% in the first quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after purchasing an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Huntington Bancshares by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank’s stock valued at $236,640,000 after purchasing an additional 65,355 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Huntington Bancshares by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock valued at $208,346,000 after purchasing an additional 561,565 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Huntington Bancshares by 9.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank’s stock valued at $85,940,000 after buying an additional 566,015 shares during the period. Finally, abrdn plc lifted its position in Huntington Bancshares by 3.9% in the third quarter. abrdn plc now owns 3,660,616 shares of the bank’s stock worth $53,976,000 after buying an additional 137,032 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.