Huntington Bancshares (NASDAQ:HBAN) Insider Prashant Nateri Sells 10,171 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Prashant Nateri sold 10,171 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the completion of the transaction, the insider owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Huntington Bancshares Stock Up 0.5%

Shares of NASDAQ HBAN traded up $0.07 during mid-day trading on Monday, hitting $15.28. The company had a trading volume of 38,569,837 shares, compared to its average volume of 27,799,616. The company has a market capitalization of $31.13 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95. The business’s 50-day simple moving average is $17.53 and its 200 day simple moving average is $17.03. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period in the previous year, the firm earned $0.34 earnings per share. On average, analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 44.60%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HBAN. Piper Sandler lifted their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, January 22nd. Barclays raised their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, January 12th. UBS Group set a $21.00 target price on Huntington Bancshares in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.63.

Institutional Trading of Huntington Bancshares

Several institutional investors have recently modified their holdings of HBAN. MTM Investment Management LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at $25,000. MV Capital Management Inc. acquired a new stake in Huntington Bancshares during the 4th quarter worth $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares in the third quarter valued at $26,000. South Plains Financial Inc. lifted its position in Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after acquiring an additional 826 shares during the last quarter. Finally, Centennial Bank AR acquired a new position in Huntington Bancshares in the fourth quarter valued at $28,000. Hedge funds and other 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.