Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Helga Houston Sells 6,455 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Helga Houston sold 6,455 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 value of $169,545.76.

Huntington Bancshares Stock Up 0.1 %

Shares of HBAN stock opened at $15.56 on Friday. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $16.03. The stock’s fifty day moving average price is $14.72 and its 200 day moving average price is $13.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $22.55 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last announced its 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period in the previous year, the business earned $0.36 EPS. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.98%. Huntington Bancshares’s payout ratio is presently 55.86%.

Institutional Trading of Huntington Bancshares

Several large investors have recently added to or reduced their stakes in HBAN. Boston Partners grew its stake in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after purchasing an additional 9,533,511 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Huntington Bancshares by 832.7% in the first quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock worth $46,927,000 after buying an additional 2,979,768 shares during the last quarter. Scout Investments Inc. purchased a new stake in shares of Huntington Bancshares in the first quarter worth about $35,428,000. Point72 Asset Management L.P. boosted its stake in shares of Huntington Bancshares by 194.8% in the second quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank’s stock worth $42,226,000 after buying an additional 2,116,839 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new stake in shares of Huntington Bancshares in the first quarter worth about $24,100,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HBAN shares. Robert W. Baird downgraded Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, July 26th. DA Davidson lifted their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday. Piper Sandler raised their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Barclays raised their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Argus raised their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $16.03.

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.