Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Sells $499,290.00 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) CFO Zachary Jacob Wasserman sold 33,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief financial officer now directly owns 265,809 shares in the company, valued at $4,021,690.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded up $0.14 during trading hours on Thursday, reaching $15.06. The stock had a trading volume of 17,741,433 shares, compared to its average volume of 17,535,285. The stock’s 50 day moving average is $13.41 and its 200 day moving average is $13.28. The firm has a market capitalization of $21.83 billion, a PE ratio of 13.57, a PEG ratio of 3.08 and a beta of 1.06. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $15.24. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.19 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 Tuesday, October 1st. Investors of record on Tuesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.12%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HBAN. Jefferies Financial Group dropped their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Bank of America boosted their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday. UBS Group dropped their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Stephens reissued an “equal weight” rating and set a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, Citigroup boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Summit Financial Strategies Inc. raised its position in shares of Huntington Bancshares by 2.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock worth $408,000 after purchasing an additional 762 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Huntington Bancshares by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock worth $2,192,000 after purchasing an additional 780 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Huntington Bancshares by 1.3% during the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock worth $880,000 after purchasing an additional 794 shares during the last quarter. TCW Group Inc. raised its holdings in Huntington Bancshares by 4.1% in the 2nd quarter. TCW Group Inc. now owns 20,235 shares of the bank’s stock valued at $267,000 after acquiring an additional 794 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in Huntington Bancshares by 6.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 13,261 shares of the bank’s stock valued at $185,000 after acquiring an additional 805 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.