Huntington Bancshares (NASDAQ:HBAN) Director Buys $253,680.00 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) Director James Rollins III purchased 14,000 shares of the stock in a transaction dated Monday, October 26th. The shares were acquired at an average price of $18.12 per share, with a total value of $253,680.00. Following the transaction, the director owned 15,500 shares in the company, valued at $280,860. This trade represents a 933.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.78 on Friday. The stock has a market cap of $31.88 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. The stock has a 50-day moving average of $15.96 and a 200-day moving average of $16.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a one year low of $14.82 and a one year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be given a $0.1550 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 51.24%.

Institutional Trading of Huntington Bancshares

Several large investors have recently modified their holdings of HBAN. Trust Co. of Vermont bought a new position in Huntington Bancshares during the 2nd quarter valued at $29,000. TD Waterhouse Canada Inc. grew its stake in shares of Huntington Bancshares by 90.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock worth $26,000 after acquiring an additional 800 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Huntington Bancshares in the second quarter valued at about $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Huntington Bancshares in the second quarter valued at about $35,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Huntington Bancshares in the third quarter valued at about $31,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of analyst reports. TD Cowen began coverage on shares of Huntington Bancshares in a research report on Thursday, October 8th. They issued a “buy” rating and a $18.00 price target for the company. Robert W. Baird dropped their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Evercore cut their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, September 18th. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $17.50 to $18.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, DA Davidson decreased their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $18.98.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.