Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) insider Kendall A. Kowalski sold 15,711 shares of Huntington Bancshares stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $13.84, for a total value of $217,440.24. Following the completion of the sale, the insider now owns 65,195 shares of the company's stock, valued at $902,298.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Huntington Bancshares Price Performance
Shares of HBAN opened at $13.85 on Wednesday. The stock has a market capitalization of $20.07 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.55 and a beta of 1.09. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07. The company has a 50 day moving average of $13.48 and a 200-day moving average of $12.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.38 EPS. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
Huntington Bancshares Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares's dividend payout ratio is 55.86%.
Analyst Ratings Changes
A number of research firms have commented on HBAN. UBS Group raised shares of Huntington Bancshares from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. Evercore ISI upped their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Bank of America upgraded Huntington Bancshares from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. Royal Bank of Canada boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, April 9th. Finally, Morgan Stanley reissued an "overweight" rating and set a $16.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $15.17.
Check Out Our Latest Stock Analysis on HBAN
Institutional Trading of Huntington Bancshares
Hedge funds have recently added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares in the 1st quarter valued at approximately $29,000. Nemes Rush Group LLC boosted its position in Huntington Bancshares by 140.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank's stock worth $30,000 after buying an additional 1,391 shares during the period. YHB Investment Advisors Inc. bought a new stake in Huntington Bancshares during the 1st quarter worth approximately $30,000. Finally, Planned Solutions Inc. acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.72% of the company's stock.
Huntington Bancshares Company Profile
(
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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