Insider Selling: Huntington Bancshares (NASDAQ:HBAN) VP Sells 5,830 Shares of Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Brantley Standridge sold 5,830 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $19.14, for a total transaction of $111,586.20. Following the completion of the sale, the vice president owned 327,676 shares in the company, valued at $6,271,718.64. This represents a 1.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN traded up $0.25 during trading on Friday, hitting $19.27. 30,188,464 shares of the company were exchanged, compared to its average volume of 43,377,957. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $19.46. The company has a market capitalization of $30.35 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $17.66 and its 200-day moving average is $16.93.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.2%. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HBAN shares. Jefferies Financial Group upped their price target on shares of Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. National Bankshares set a $21.00 price objective on Huntington Bancshares in a report on Wednesday. Wolfe Research reaffirmed an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Finally, Truist Financial upped their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.48.

Institutional Trading of Huntington Bancshares

A number of institutional investors have recently bought and sold shares of HBAN. Vanguard Personalized Indexing Management LLC raised its position in shares of Huntington Bancshares by 26.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after purchasing an additional 35,014 shares during the period. FineMark National Bank & Trust raised its holdings in Huntington Bancshares by 59.2% during the second quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after buying an additional 65,144 shares during the last quarter. Altrius Capital Management Inc acquired a new position in Huntington Bancshares during the third quarter worth $4,894,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Huntington Bancshares in the third quarter valued at $3,746,000. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of Huntington Bancshares by 43.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after buying an additional 28,739 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

About Huntington Bancshares

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.