Huntington Bancshares Incorporated (HBAN) EVP Daniel J. Neumeyer Sells 43,491 Shares
Huntington Bancshares Incorporated (NASDAQ:HBAN) EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded up $0.07 during trading hours on Friday, hitting $13.87. 9,081,129 shares of the stock were exchanged, compared to its average volume of 7,808,101. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 14.45 and a beta of 1.34.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same period in the prior year, the company posted $0.11 earnings per share. analysts expect that Huntington Bancshares Incorporated will post 0.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be paid a $0.11 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, December 15th. Huntington Bancshares’s dividend payout ratio is currently 39.51%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lincoln National Corp raised its holdings in shares of Huntington Bancshares by 0.6% in the 2nd quarter. Lincoln National Corp now owns 14,350 shares of the bank’s stock worth $194,000 after purchasing an additional 84 shares in the last quarter. Janney Capital Management LLC raised its holdings in shares of Huntington Bancshares by 0.6% in the 2nd quarter. Janney Capital Management LLC now owns 29,185 shares of the bank’s stock worth $394,000 after purchasing an additional 179 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Huntington Bancshares by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock worth $1,092,000 after purchasing an additional 216 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Huntington Bancshares by 1.2% in the 2nd quarter. OLD National Bancorp IN now owns 19,152 shares of the bank’s stock worth $259,000 after purchasing an additional 220 shares in the last quarter. Finally, Foster & Motley Inc. raised its holdings in shares of Huntington Bancshares by 2.2% in the 2nd quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock worth $142,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.
Several research firms have recently commented on HBAN. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Huntington Bancshares in a report on Friday, September 8th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $15.50 price target on shares of Huntington Bancshares in a report on Tuesday, October 17th. JMP Securities started coverage on shares of Huntington Bancshares in a research note on Thursday, August 31st. They set an “outperform” rating and a $15.00 target price for the company. Sanford C. Bernstein raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $15.00 to $17.00 in a research note on Thursday, September 14th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $15.00 target price (down from $16.00) on shares of Huntington Bancshares in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $15.22.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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