Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) insider Kendall A. Kowalski sold 15,948 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the sale, the insider now directly owns 21,102 shares of the company's stock, valued at approximately $284,243.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Huntington Bancshares Stock Down 1.3 %
HBAN stock opened at $13.58 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.53 and a beta of 1.11. The business's fifty day moving average price is $13.35 and its two-hundred day moving average price is $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 - Get Free Report) last posted its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business earned $0.38 EPS. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares's payout ratio is currently 55.86%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on HBAN shares. StockNews.com downgraded Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Friday, December 29th. Barclays raised Huntington Bancshares from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $12.00 to $15.00 in a report on Tuesday, January 2nd. Evercore ISI increased their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Jefferies Financial Group upgraded Huntington Bancshares from a "hold" rating to a "buy" rating and increased their price target for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $15.17.
Get Our Latest Analysis on Huntington Bancshares
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System increased its position in shares of Huntington Bancshares by 2.3% in the third quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank's stock worth $29,066,000 after purchasing an additional 62,674 shares during the period. Comerica Bank bought a new position in shares of Huntington Bancshares in the third quarter worth $5,261,000. Vest Financial LLC increased its position in shares of Huntington Bancshares by 16.5% in the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank's stock worth $12,731,000 after purchasing an additional 141,410 shares during the period. Bank of Nova Scotia boosted 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. boosted 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 own 80.72% of the company's stock.
Huntington Bancshares Company Profile
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Get Free Report)
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.
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