Huntington Bancshares (NASDAQ:HBAN) VP Scott Kleinman Sells 65,530 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) VP Scott Kleinman sold 65,530 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the sale, the vice president owned 481,676 shares in the company, valued at approximately $7,360,009.28. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Huntington Bancshares Stock Up 0.5%

Shares of NASDAQ:HBAN opened at $15.28 on Tuesday. The firm has a market capitalization of $31.13 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $19.45. The firm has a fifty day moving average of $17.47 and a 200 day moving average of $17.01.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results 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 net margin of 17.71% and a return on equity of 11.98%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued 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 of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Analyst Ratings Changes

HBAN has been the subject of several research reports. UBS Group set a $21.00 target price on Huntington Bancshares in a research note on Wednesday, February 4th. DA Davidson decreased their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Raymond James Financial upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley increased their target price on shares of Huntington Bancshares from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $20.63.

Hedge Funds Weigh In On Huntington Bancshares

A number of large investors have recently bought and sold shares of HBAN. Vanguard Group Inc. boosted its stake in shares of Huntington Bancshares by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after purchasing an additional 14,338,222 shares during the period. State Street Corp increased its stake in shares of Huntington Bancshares by 4.7% in the fourth quarter. State Street Corp now owns 77,228,656 shares of the bank’s stock worth $1,351,806,000 after buying an additional 3,438,501 shares during the period. Wellington Management Group LLP raised its holdings in Huntington Bancshares by 4,265.5% during the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock valued at $1,215,955,000 after buying an additional 68,478,435 shares during the last quarter. Boston Partners raised its holdings in Huntington Bancshares by 3.9% during the 3rd quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock valued at $1,091,615,000 after buying an additional 2,363,905 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Huntington Bancshares by 6.6% during the 4th quarter. Invesco Ltd. now owns 62,971,849 shares of the bank’s stock valued at $1,092,562,000 after buying an additional 3,908,927 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile

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.