Huntington Bancshares Incorporated (NASDAQ:HBAN) Insider Sells $214,819.56 in Stock

Huntington Bancshares Incorporated (NASDAQ:HBAN) insider Kendall A. Kowalski sold 15,948 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total transaction of $214,819.56. Following the transaction, the insider now directly owns 21,102 shares in the company, valued at $284,243.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded down $0.18 during mid-day trading on Thursday, reaching $13.58. 14,602,751 shares of the stock were exchanged, compared to its average volume of 17,782,875. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The firm has a 50-day simple moving average of $13.35 and a 200 day simple moving average of $12.23. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter last year, the company posted $0.38 EPS. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio is 55.86%.

Analysts Set New Price Targets

A number of brokerages recently commented on HBAN. UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. Citigroup increased their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Royal Bank of Canada increased their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $16.00 target price on shares of Huntington Bancshares in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors have recently modified their holdings of HBAN. California Public Employees Retirement System boosted its stake in Huntington Bancshares by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank’s stock worth $29,066,000 after acquiring an additional 62,674 shares during the last quarter. Comerica Bank bought a new position in Huntington Bancshares in the third quarter valued at approximately $5,261,000. Vest Financial LLC lifted its stake in Huntington Bancshares by 16.5% in the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after buying an additional 141,410 shares in the last quarter. Bank of Nova Scotia lifted its stake in Huntington Bancshares by 199.6% in the third quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock valued at $3,893,000 after buying an additional 249,356 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Huntington Bancshares by 5.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock valued at $1,256,000 after buying an additional 5,740 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.