Insider Selling: Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Sells 15,711 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall A. Kowalski sold 15,711 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $13.84, for a total transaction of $217,440.24. Following the sale, the insider now owns 65,195 shares of the company’s stock, valued at $902,298.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Huntington Bancshares Trading Down 0.5 %

Shares of NASDAQ HBAN traded down $0.07 during trading hours on Tuesday, hitting $13.85. 10,017,881 shares of the company traded hands, compared to its average volume of 17,256,449. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. The company’s 50 day moving average price is $13.46 and its 200 day moving average price is $12.44. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Institutional Investors Weigh In On Huntington Bancshares

Several hedge funds have recently modified their holdings of the business. Wetzel Investment Advisors Inc. purchased a new stake in Huntington Bancshares during the fourth quarter worth $29,000. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares in the 1st quarter worth $29,000. Nemes Rush Group LLC lifted its stake in shares of Huntington Bancshares by 140.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Huntington Bancshares during the first quarter valued at about $30,000. Finally, Planned Solutions Inc. bought a new position in Huntington Bancshares in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the subject of several analyst reports. Stephens reissued an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. Keefe, Bruyette & Woods upped their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Royal Bank of Canada lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $15.00 in a report on Wednesday, February 14th. Finally, Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.17.

About Huntington Bancshares

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.