Huntington Bancshares (NASDAQ:HBAN) Director James Rollins III Purchases 3,029 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III acquired 3,029 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of $21.05 per share, with a total value of $63,760.45. Following the transaction, the director directly owned 9,500 shares in the company, valued at approximately $199,975. The trade was a 46.81% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $16.31 on Thursday. Huntington Bancshares Incorporated has a one year low of $14.19 and a one year high of $19.45. The stock has a fifty day moving average of $16.25 and a 200-day moving average of $16.72. The company has a market capitalization of $33.23 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is 47.69%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent analyst reports. National Bank Financial set a $21.00 target price on shares of Huntington Bancshares in a research note on Wednesday, February 4th. Royal Bank Of Canada cut their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. The Goldman Sachs Group cut their target price 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, April 6th. DA Davidson cut their target price 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, March 16th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

Hedge Funds Weigh In On Huntington Bancshares

A number of hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new position in Huntington Bancshares during the third quarter worth $26,000. South Plains Financial Inc. increased its position in Huntington Bancshares by 116.3% during the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after buying an additional 826 shares during the last quarter. Centennial Bank AR acquired a new position in Huntington Bancshares during the fourth quarter worth $28,000. Finally, Accredited Wealth Management LLC increased its position in Huntington Bancshares by 374.5% during the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after buying an additional 1,322 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

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.