Huntington Bancshares (NASDAQ:HBAN) Stock: Insider Donnell White Sells 3,000 Shares

Huntington Bancshares Incorporated (NASDAQ:HBAN) SVP Donnell White sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $15.87, for a total transaction of $47,610.00. Following the completion of the transaction, the senior vice president owned 23,697 shares in the company, valued at $376,071.39. This represents a 11.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $15.61 on Friday. The firm has a fifty day moving average of $15.87 and a two-hundred day moving average of $16.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.03 and a beta of 0.97. Huntington Bancshares Incorporated has a 52 week low of $14.82 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $0.41 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.54 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be paid a $0.1550 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 annualized dividend and a yield of 4.0%. Huntington Bancshares’s dividend payout ratio is presently 51.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Henrickson Nauta Wealth Advisors Inc. increased its holdings in shares of Huntington Bancshares by 6.1% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank’s stock worth $190,000 after acquiring an additional 608 shares during the last quarter. Vestor Capital LLC raised its stake in Huntington Bancshares by 13.0% in the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after acquiring an additional 648 shares during the period. Rehmann Capital Advisory Group lifted its holdings in Huntington Bancshares by 5.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank’s stock valued at $215,000 after purchasing an additional 679 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in Huntington Bancshares by 48.8% during the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after purchasing an additional 707 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Huntington Bancshares by 10.1% during the third quarter. Versant Capital Management Inc now owns 7,693 shares of the bank’s stock worth $117,000 after purchasing an additional 708 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HBAN has been the subject of several analyst reports. UBS Group set a $18.00 target price on Huntington Bancshares in a research report on Tuesday, October 6th. Zacks Research downgraded shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Truist Financial reduced their price objective on shares of Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Keefe, Bruyette & Woods decreased their price objective on shares of Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating for the company in a report on Tuesday, October 6th. Finally, Weiss Ratings downgraded shares of Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average price target of $18.89.

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.